I watched it last night. Condensing the Bible into a ten hour "docu-drama" is a major undertaking. It appears to have been done with good intentions and will likely be helpful in getting a chronological account of Old and New Testaments.
It is entertaining. The two hours went by very quickly - perhaps not brilliant, but the pace moves quickly and there are plenty of actions scenes that many will relate to.
However, I did find some things disconcerting, especially as an Orthodox Christian. One of the angels who visited Abraham then moved on to Sodom turned out to be an "angel ninja" involved in a street fight in Sodom. Cheesy.
The point is frequently made that one must trust God, especially in difficult situations. That's all well and good, but I kept hearing echoes of the bland theology of "Touched by an Angel".
Many scenes are highly fictionalized. The account of Sodom's destruction is over-emphasized as is the personal rivalry between Moses and Pharaoh. This left no time for some very important episodes such as the story of Joseph. The Orthodox Christological interpretation of the OT is striking in its omission. As I mentioned, no Joseph - a type of Christ; when Moses parts the Red Sea he strikes it (contrary to the Biblical account) rather than raising his hand above it, and later again, thus making the form a cross. The distinction between Ishmael and Isaac with the latter being clearly the child of the promise is lacking - or at least under-emphasized.
Overall, it's good for the entertainment value, but the Book is better.