These ones are kinda borderline in terms of whether or not they're Sword & Sorcery, but they're most certainly Fantasy.
The Pirates Of The Caribbean Trilogy. In the first one you have the cursed Incan gold which turned the crew of The Black Pearl into skeletons. Then in the second and third movies you have Captain Barbosa back from the dead, a swamp witch (who turns out to be The Goddess Of The Sea), Davey Jones, his whole fishy crew of cursed sailers, and the magical box which contains his still beating heart. Sounds like Swords & Sorcery to me.
Pirates and Pirates II: Stagnetti's Revenge. Okay, these ones are technically adult films (ie: porn), but there are R Rated cuts of these movies which are available at Blockbuster, so I figured I'd include them. Much like the more family friendly Disney pirate movies, these films have a great deal of magic and swordplay as well. There are undead skeleton warriors. Sea monsters. Giant man eating snakes. Little scorpion/squid creatures whose venom turns its victim into a compliant, willing, slave. All in all, a highly magical fantasy world. And with very impressive CGI effects for the ship battles and monsters, especially considering that we're talking about an adult film here. It might not be Jurassic Park quality CGI, but it's certainly of Beowulf or Polar Express quality.