Boy, I did not enjoy this like I thought I would. It was actually one of the few Bonds I hadn't seen yet, which I know is odd since it's one of the more memorable entries in terms of setting certain conventions. But the movie just didn't do much for me. It was cool seeing Robert Shaw as a blonde-haired sociopath, and the first 20 minutes or so were a great set-up, but the execution left me bored. Daniela Bianchi's character had less to her than the usual Bond girl. (What a beauty, though!) I had no sense of her inner motivations at all once she took up with Bond. I never could tell if she truly loved him or was merely playing the part, but since the issue never became a plot point, you were just to assume that she, at some point, loved him. I guess there was that one scene where she wavered between shooting Bond or Frau Farbissina, but the direction and/or screenplay took no other steps to detail her character up to that point.
Cool parts: the brutal fist-fight between Connery and Shaw in the dark was pretty unique for movies from that era. Frau sucker-punching Shaw in the gut with brass knuckles was funny. The whole opening sequence was well-staged and a good/cheesy "gotcha!"
By the way, I rented the Blu-Ray version, and it looked wonderful.