Fine film with very solid performances from Neeson, Lange, Roth and Hurt, and a lively soundtrack featuring the Scottish group Capercaillie. The villians are wonderfully detestable, and the heros noble and true. Crisply choreagraphed swordfights show there's lots of life in the genre still. Hollywoodized? Sure. Still very entertaining.
The film is loosely based on the life of Robert MacGregor, 1671-1734. His quarrel with Montrose over the loan of a thousand pounds, his skill in cattle raising -- and raiding, and his high reputation with a sword are all historical fact. He's also credited with a number of famous escapes from imprisonment.