I am a fan of The Neverending Story the book. This movie did not live up to my expectations at all (when I saw it again recently)

The movie covers part of the book's story, with Bastian meeting Xayide. Although part of it is followed closely, Nimbly did NOT work for Xayide, there was no Memory ball thing (AURYN made Bastian lose his memories on its own) and the end was a cheesy replacement for the Fountain of Life.

In the original story, there was much more substance.

And the thing that annoys me most: If Bastian met the Childlike Empress in the last movie, why did she appear to him in this one? If they had only researched the story better, they would have discovered that you can only meet the Empress ONCE. No matter how many times you meet her, she wil have no memory of you ever meeting her previously.