Lighter (at times), more emotionally complex, yet symbolically simpler than later films by Antonioni. This reminded me more of Fellini, Woody Allen, and (in the lighter, early moments) even Almodovar.
It goes without saying that the film is great looking (could Antonioni frame a bad shot?). And it has lots of plot, surprising from a filmmaker who later ran from traditional plot and story. Lovers change hands, lives rise and fall among five female friends (artists, clothing designers, etc).
This is labeled a masterpiece by some, but to me it felt a bit too soapy, and some of the characters and performances a bit one note or on-the-nose to raise it to quite that level. I was never bored, and the images were thrilling, but I didn't find myself caring deeply on a conventional level, nor drawn in on a more intellectual, poetic level as the later Antonioni films do. But all that said, I'm still glad I saw it.