On a second recent watching my opinion has not really changed but the production value looks REALLY bad when compared to any other version of the film (even the 70's TV movie holds up better than this) and yeah, it's mostly a soap opera so don't go expecting any deep message on class struggle or the irony of man trying to defeat nature but loosing like other versions will give you. It's just plain melodramatic fun.
"Titanic" was directed by Robert Lieberman and features good acting performances from cast members such as Catherine Zeta-Jones, Peter Gallagher, Eva Marie Saint, George C. Scott, Tim Curry, Mike Doyle, and Sonsee Neu. Yes, I know that there is an orchestra playing when the Titanic went down, but no "Nearer My God To Thee"? Mournful music or not, the background instrumentals are still very strong to fit with the fates going down with the ship. As for the film's spoken dialogue, it is definitely excellent.
Although this is a 1996 release, "Titanic" was the same miniseries that I first saw on TV back in 1998 and divided into two separate parts that ran in a total of four hours (three if you don't count the commercials). I understand that there are some historical and factual inaccuracies here, including how the Titanic sank in one piece when it actually split. For that reason of errors that got me confused a bit, the moment I finished most of the miniseries, I would later watch the more superior theatrical version with Leonardo DiCaprio and Kate Winslet in it.