I have the DVD. It's a great watch, great story. A little melodramatic though, doesn't really survive multiple viewings. Fit for a typical North American audience.
the melodrama is what makes it work. It's a dream. A memory. I think that's what it is meant to be.
I'm coming up on 40 years-old, so I'd venture to say that people that are starting to get nostalgic, like myself, will like it for reasons other than just the clean filmmaking.
Yet, younger people can appreciate it for it's great sense of story and tone, which should be important to filmmakers of all ages.