This movie is based very loosely on two famous works of literature.
The first is based on "The Wind in the Willows". The movie doesn't live up to the book, but my 4 year old enjoyed it. I think most of the plot went over his head. Be aware that Toad is gripped by "mania", put on trail, sent to jail, escapes from jail and is up to mischief.
We suggested we turn it off before the second story, because we thought it would be too scary. It is based on "The Legend of Sleepy Hollow" and we knew to expect a headless horseman. We tried it, and he didn't find it too scary, but I think it was because he didn't really understand what was going on. He kept giggling at the funny faces Ichibod was making while he was scared. The "romance" in this part was not particularly nice, and I hope some of the messages went over my son's head. The female character is a flirt; Ichibod and his rival compete for her attention, and are unkind to each other; Ichibod dreams of marrying her for her beauty and her money.
We didn't really enjoy the movie.