I got this on VCD a few days ago ($7). It is muchbigger and better than "crouching tiger" in every way!! hahaha no just kidding, it's nothing like that other than the tai chi sorta connection. Couple things

1) the way tai chi is integrated into this film is actually realistic. Much moreso than any other martial arts movie in the sense that "pusing hands" is just the title of the film and the martial arts aren't the central focus. Sort of like how Lloyd Dobler was a kickboxing enthusiest in "say anything". It's not an action movie

2) the movie is somewhat sentimental, but it stays away from hallmark/ lifetime type drippiness via interesting and realistic plot twists.

3) There is a "combat tai chi" scene, but not at all in the way you would expect.

4) one downside: the american wife of the man's son is a complete and total *****. Just a one dimension western stereotype who has more in common with Godzilla than an actual person.

Overall I'd say it was a very good movie with shades of excellence and to it's credit, probably a more succint portrayal of tai chi type philosophies than Crouching Tiger.