I see people rating this over Verbinski's sequels. A lot.
Granted, Penélope Cruz is more gorgeous to see than Keira an infinite number of times. They took Orlando Bloom out of the context and made Depp and Rush come back again. Still, somehow, the film manages to be a total bore, saved for some old-Hollywood-style swashbuckling action more predominant than the previous multimillionaire and intense PG-13 CGIed action shown in the previous installments and Jack Sparrow's character, who still remains an unequalled irreverent character thanks to Depp's unique (and bizarre) acting talents. Moreover, lack of unpopular characters has never made an entire movie better.
This entry now makes Rob Marshall an official entry into my "Most Boring Directors Working Today" book (yes, that includes that particularly overrated musical of 2002, so I apologize for the fans).
I love it when Penélope Cruz curses in Spanish.