And no, the CG certainly wasn't up to Pixar^H^H^H^H^H Disney standards (*groan*) but it was good enough, and the style was cute :)
After taking a quick look at rotten tomatoes (at which it scored 45%) i'm curious as to why the very short "Jon Popick, PLANET SICK-BOY" review was rated as rotten. The quoted blurb was "A very rare example of a non-Pixar/Aardman kiddie pic that adults might enjoy more than the youngsters."
"This lovely little holiday surprise looks quite retarded, but it’s actually a very rare example of a non-Pixar/Aardman kiddie pic that adults might enjoy more than the youngsters. On the surface, Hoodwinked is merely a badly animated retelling of Little Red Riding Hood, with a very odd collection of voice talent (can you even imagine Glenn Close, Andy Dick and Xzibit in the same room?). In reality, it’s brazenly different, quite funny and told, via purposely crude Rankin/Bass-esque animation, in the style of Kurosawa’s Rashômon. In other words, this ain’t your father’s fairytale."