Really great for a 2004 animation. The gradients are a little much but they're tasteful and overall this looks very colorful and attractive, with the animation being quite smooth as well. The low-quality sound is really the only giveaway that this is over a decade old.
The biggest problem with it is the inconsistent sizing. The dragon picks up the apple, which is proportional to the ant, yet when you see the dragon beside the tree, he's the same size as the tree yet the apple fills his mouth almost completely. He sets the apple down and all of a sudden it's normal size again. Lolwat.