The New York Times: The voice-overs [ ] are so sloppy you might feel as if you're watching a 1978 Hong Kong action picture: the dubbed mouths of the Italian cast are probably still moving an hour after the film is over... I guess Geppetto doesn't get out much, because his idea of a child is a 40-ish man with a receding hairline, pancake makeup and 5 o'clock shadow: the Pinocchio he fashions is Mr. Benigni. . . . a picture that is mostly a desert of strangeness, a movie so bad that it quickly enters the pantheon of wreckage that includes "Battlefield Earth" and "Showgirls."
Mr. Benigni's decision [to play Pinocchio] makes this "Pinocchio" as believable as Diana Ross playing Dorothy in "The Wiz" or Matthew McConaughey portraying a college graduate in "Contact".
New York Observer: This gluttonous overdose of whimsy cries out for animation, but when the nursery-book action is played out by real people in tacky costumes from a Macy’s parade, it loses its magic fast. It’s unusual to see so many people making fools of themselves at the same time. Lethal for kids and an unspeakable insult to adults, this unreleasable fiasco is a torture for all.
Slant Magazine: It's like watching an ass put on a blue suit--there's still an ass underneath.
As more reviews come, I'll try to post them here.