Yes, the atmosphere is right.
Yes, there are some horror and fantasy elements.
Yes, there are a few interesting elements.
Yes, you won't see the main characters sing or dance.
... but ...
No, this is not a movie (internationally speaking) which deserves a rating greater than 7.
And I'm quite generous and realsitic on that.
There is nothing scary about it. The story is just a retelling of something we've heard or read during our childhood. Acting is avarage and the atmosphere doesn't excel.
In conclusion...
I can understand the pride of other reviewers, but this is certainly not a film that can compete with the true works of art of the film industry.