There is also Titus (1999), which is Shakespeare's play Titus Andronicus about a Roman General played by Anthony Hopkins and also stars Jessica Lang. It's on the gruesome side and is a tragedy. Very well done with the original text, though they have updated the costume and sets to make them a little more stylized.
Richard III (1995) is my other favorite with Ian McKellan (in the villainous title role), Robert Downey, Jr and Kristen Scott. This tragedy is also very well done, and is set kind in a Nazi Germany setting instead of medieval times, but still has the original text.
Both films break the fourth wall during the film for their soliloquys to great effect.
Another film based on a Shakespearean play and that was very well done was O (2001), which was based on Othello and set in high school with Josh Harnett and Julia Styles.
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