I just saw Pan's Labyrinth. Amazing movie. The ending really makes you think about everything. The movie was subtitled by the director, Guillermo del Toro, a fluent Spanish and English speaker, so the captions are well-done. The movie moves at a quick, yet comfortable rate, giving you the feeling that the story is advancing while still giving you time to soak everything up.
Kingdom of Heaven. I'm fascinated by religious warfare in films, and this is definitely one of the winners. It has a good message, similar to that of Gladiator, and is very well put-together.