I first played Dungeon Master on the Amiga. When it came out for TG-16 I was pretty excited since I didn't own an Amiga. The TG-16 version has some pretty pointless cinemas that look like they are from another game. They are very interesting, and anime-like whereas Dungeon Master (and virtually all dungeon crawlers) has really drab boring graphics. Everything is a rock, or a piece of mold, an animal carcass, etc.
Basically I think its pretty good. The only real pisser is the fact that you lose pretty much everything when you finish a dungeon. I always thought this was a save space limitation or something. I really don't know. Its better than just about any dungeon crawler I can think of. Its loads better than Eye of the Beholder, or Kings Field, or whatever. I'm not a huge fan of the genre, obviously. I did like the game though.