Maybe the best Disney movie that is not a cartoon. Johnny Depp is fantastic in this film, he was actually nominated for an Oscar for it. The story is so simple and the characters are great. It wasn't over the top action or story, like the ones to follow (don't get me started how bad the sequels to this are.)
There is a lot of action and sword fighting in the movie and some of the pirates might be too scary for the small ones, butt overall it is a great film and a ton of fun to watch. Way better than the ride at Disneyland. Just do yourself a favor and stop after this one and don't watch the sequels.