I saw The Lady in the Water last night

I saw M. Night Shyamalan's Lady in the Water last night and I was not very impressed. I've really enjoyed Shyamalan's earlier work (especially his lesser-known Unbreakable and Wide Awake), but Lady in the Water, even more so than The Village, seemed to be a big step backwards.

Sure, it's only supposed to be a "bedtime story," but even bedtime stories can be better than I thought this turned out to be. And M. Night Shymalan's character in the movie (his most recent interjection of himself into one of his movies is far more than a cameo) was a distraction from the plot. Really, if you want to act, Mr. Shymalan, act. But if you want to direct, please limit yourself to directing. One good thing at a time.

Back to the movie ... am I missing the point?