A short comment about this movie from a German point of view, which may make a difference when we're talking about radio plays/comics adapted to the silver screen:
"The Shadow" as a radio play is virtually unknown around here. (I used the opportunity to check out some old recordings on the web, and it's _awesome_ to listen to!) So, German audiences will just walk into the theatre without any proconceived ideas about how it should be, expecting just any other adventure movie.
As such, IMHO it stood up well. Baldwin is cool; of course his demi-dark side begs for a comparision to Batman, but I think Baldwin wins in terms of credibility and depth of character. The gimmicks and gadgets are neat, Tim Curry as the half-villain is entertaining to watch as always (though he overdoes it a bit at times), the script is well-paced, the action is staged superbly, the music is gripping.
But most of all: Kudos to the production design/special effects/makeup team! They did a superb job in transforming the Shadow's 'invisibility' (as well as his overall looks) from a radio idea to the screen. It was awesome to watch, and at the same time a bit chilling and frightening.
Drawback: Beside the intentional jokes ("I'm not interested in your balls..."), some takes just seemed to be unintentionally funny- perhaps they went a little too far in trying to create a gloomy atmosphere...
Along with _The Rocketeer_, this one's also one of the unfortunately widely underrated films. Certainly not a milestone in film history, but a good and entertaining flick to watch with a bag of popcorn and a girl to hold in your arms during the scary moments. But I'm pretty sure- The Shadow... knows!
