This movie for me is the ultimate proof that less talking is often better. The picture itself can speak volumes, I mean first 15 minutes of the movie there are like 10 sentences being said altogether, yet the story is well laid out.
This was one of few movies from the west that was allowed behind iron curtain, it became part of my childhood. I've seen it at least 15 times, it never gets boring even for a second. Timeless story, character, and the music... Leone/Morricone understood (in similar vein as George Lucas and others) that music can make one hell of atmosphere for the movie, much better than just awesome visuals and something mediocre in the background.
I like it even better than rest of Leone's movies, maybe a bit sentimental remainder from my childhood.