Just got back from watching it tonight. It will be interesting to see how many Oscars it knocks down. I think Hanks will get his annual nomination as best actor, Cinemaphotography is a shoe-in, Paul Newman could get best supporting, Thomas Newman (related to Randy, not Paul) could also get the nod for his musical score, Sam Mendes could also win for best director.
Needless to say, I think it was an excellent film. The bloodshed is mostly of the off-camera "Godfather" variety. The pace isn't very fast, but it gave plenty of time for things to sink in emotionally for me. It's a great "father-son" flick for fathers to watch.