I saw it, and I thought it was pretty good. (not great, but pretty good). It's funny, though! They made the animatronics for this film about the same time they did for George of the Jungle. In Boston, this movie aired opposite "Pinoccio", which also used Jim Henson Animatronics.
But the way, the Parrot was voiced by Frank Welker, who played Baby Kermit and Skeeter in Muppet Babies!