From a graphics standpoint, Magical Dreams doesn't look half bad. It's not in the same league as other Disney-based games (especially those from the late 90's, like Aladdin or Jungle Book), but it still manages to hold its own for the most part. The game tries to stick to the same style used in the movie, and to this point, it's successful. The problem is that it feels like the artists tried to squeeze a little too much detail into the game, resulting in a very blurry game. So, while the movie is getting a spiffy remaster for its DVD release, the tie-in game looks better alongside the original VHS release.
Sound is done right, which is a plus. I wasn't able to pick out too many songs from the movie -- but the music that's there is done rather well and always seems to fit what's going on. Still, like the graphics, Disney games have done better in the past, so Magical Dreams does come off as a bit of a disappointment when matched against past works.