The Butcher Boy and Preakfast on Pluto also spring to mind as good films based on books.
Now the Godfather film... the film omitted nearly half of the book, but I think that it was for the best. They left out a lot of interesting-but-unnecessary stuff. Had they kept that in, they would have had to shave bits off the film and compress it together. Then it would have been rushed and bloated.
EDIT: The Bourne Identity, anyone?
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