Kenneth Branaugh is fantastic, Emma Thompson was an idiot for leaving him. Although I enjoy his Shakespearan commedies better (Much Ado About Nothing etc), he does well with the tragedies (Hamlet, Othello). Though I highly recommend Henry V. I must have seen it well over a dozen times.

Oh, about King Lear, hehe, if you don't mind Japanese films, there is a great take on that story. It's called Ran by the famed and late director Akira Kurosawa. One of my fave top ten films bar none. I definitely enjoyed this rendition of the Shakespearan play so much more than the actual play its self.