I'm seeing the film opening night. Advance word is that its his best since "Goodfellas". I'm a huge fan of Scorsese, and I haven't been this excited to see a film in quite some time.
Ubu, I've always respected your knowledge and opinions about film, but I disagree with your comments about Scorsese being crappy. While his most recent work isn't quite on the same level as his earlier stuff, Scorsese isn't the same man either. While these films have their flaws, I've found much to love in "Kundun", "Bringing Out the Dead", "Gangs of NY", and particularly "The Aviator" which I thought was an excellent film, though not a masterpiece. With "Gangs" and "The Aviator", I got the sense that Scorsese was just having fun working in the Hollywood realm of big budgeted epics....sort of "getting it out of his system", if you will. They don't match the innovativeness of the young and hungry Scorsese of the 1970s, but when placed up against other films of that type, I think they far exceed those. His more recent films still exhibit the excellent storytelling ability that he's always had, and stand as strong films, particularly when viewed in that context.
As for DiCaprio, unlike most of young Hollywood I think his looks are actually working against him, as he's trying to do important work when he could easily be doing the Ben Afflek / Keanu Reeves thing. However, I think he will eventually turn into a very good, possibly great, actor. He definitely has the potential, and is probably rapidly developing his craft under Scorsese (see the dramatic improvement in his performances between "Gangs of NY" and "The Aviator").