I knew that this was not going to be the Disney sugar-coated version of the story, but I was surprised by how inappropriate it was for young children. There was mild language (*ss and d*mn), provocative dances and gestures, and a lot of violence. For example, Captain Hook slits the throat of one of his pirates. You don't see blood, but you see the motion, and the man "dies." The whole relationship between Peter and Wendy was too complex for children to understand, and the ending was very sad.
That said, it was a fantastic show from a technical perspective. The acting, directing, and sets were superb. The special effects were phenomenal. The puppetry was very different, but very cool. I especially liked the crocodile.