I found this a disappointing sequel to "Elizabeth", mainly because of the liberties taken with history and geography. The film is centred around the Armada - which would make Elizabeth in her 50s which Cate Blanchett clearly is not. Walter Raleigh is given a starring role in the defeat of the Armada but there is no mention at all of Cecil or Leicester. The affair between Raleigh and Bess Throckmorton is moved forward by 5 years and it is suddenly possible to see the coast of France from Tilbury. All this inaccuracy (and an invasive musical score) eventually overwhelms the film despite good portrayals by Blanchett, Clive Owen and particularly Geoffrey Rush.
The previous review details historical inaccuracies which I hadn't noticed. The acting and ambiance of the film is fantastic. It is completely absorbing and utterly moving. The central armada scene is a bit clipped, a big build up then Walter diving into the channel then game over. I don't think I can bring myself to drop to a 4 star however as at the time of watching it didn't seem to matter.