Having seen three of Wong Kar-Wai's films (Chungking Express, Fallen Angels, In the Mood for Love), I have become a big fan, and was eagerly looking forward to this one, the last available in my video store.
It turned out to be a big letdown -- indeed, before I checked the actual date, I thought it was an early precursor of his unique style (combined with seemingly extreme low budget).
What I could distinguish of the plot and characters was at least mildly interesting, but that's the catch, "what I could distinguish" -- the film style and (VHS) print combined to make it very hard to figure out what was happening on the screen. The subtitles were especially hard (or impossible) to read.
A lot can be blamed on the print, and I envy those reviewers who saw it in theaters, but even trying to look through that, the film seemed to have only touches of the trademark WKW style. It was interesting to see so much shot not just exterior but outdoors, under wide skies. [The WKW films I've seen were almost entirely interior, or at least enclosed (with the exception of the Cambodian scene in Mood for Love) -- even a motorcycle is ridden at night in a tunnel.] And WKW doesn't seem to do well with the wide open spaces. Maybe it is his not being on the familiar territory of Hong Kong (or Asia). But the style here did not develop the interest and momentum for me that it did in the other films mentioned.
As to the plot, it was the usual theme of obsessive love, impossible love, and sad reflection on lost possibility. Yet their story doesn't grab me the way the others' do, I think because they are brought down by their own disfunction (and such extreme, almost clownish, disfunction)with little relation to events or societal expectation. It's like watching a habitual drunk driver wrap his car around a tree.