Actually, it is quite the opposite for me. I didn’t like the movie after the first viewing, but I began to understand what GL tried (and I began to appreciate it) after repeat viewings and a few days of reflection.
Time has been kind to The Phantom Menace, at least compared to the other two prequel movies. I still don’t love it, but I appreciate it way more than I used to. It feels the most like a work of sincere (if sometimes misguided) passion and the higher ratio of practical effects worth and film-based photography means it looks substantially better than its peers in that trilogy (just don’t watch the blu-ray version that has been scrubbed of all texture).