[EDIT: The footage is now viewable on YouTube]
The Golden Compass looks much, much nicer than I was expecting. The production design has gelled into something that makes a lot of sense.
You can see for yourself, as the First Look at The Golden Compass is online now. Thanks to Mike, I knew where to find it.
Much of the footage is unfinished, but you do get a look at a Daemon transformation, some Iorek action, a lovely skyline shot of Lyra's Oxford and a near-the-climax glimpse of The Bridge to the Stars.
Chris Weitz was most definitely not the perfect man for the job, but things are looking better than expected none the less.