Okay, so, I saw this a couple weeks ago. I have a few thoughts on it, but they are admittedly scattered, so I'll just say whatever comes to mind and hope it makes sense.
I can see why
Mulholland Dr. is such a polarizing film. In addition to the question of whether or not it's a good film, a lot of people seem to get hung up on the issue of whether or not David Lynch is a good storyteller. In other words, while few would deny that the film is technically impressive, and pretty interesting, many are hesitant to give Lynch too much credit for what they feel is little more than intriguing randomness.
I'll take each question in order...
Is It A Good Film?
I found myself asking this as I watched it. Afterwards, while reading some of the theories and analysis surrounding it, I started to ask myself broader and broader questions, such as "is it a good puzzle?" and "is it interesting/entertaining?" The more I learned and thought about it, the less I thought of it as a movie.
I think, given that I was entertained throughout and captivated by some of the visuals, I have to agree that it's a good film. How good, I'm not quite sure, but definitely worth my time and worth thinking about. That's enough to make it a good film in my book.
Is It A Good Story?
This is where I suspect I will diverge from Mike and Bobby; I don't think the story is particularly good. It's not
bad, but I don't find it particularly unique or enthralling. But of course, the story itself is unimportant; what people either like or hate about it is the way he's pulled back, and fuzzied everything up. I don't know that it takes a tremendous amount of skill to distort a story like this.
So, you can put me down in the perhaps small camp of people who like the film, find it worth watching, but are not especially impressed with its intricacies. I think that many things can appear to be a great mystery if the storyteller just takes enough time to obfuscate even the most pedestrian of tales, and I think that's kind of what's happened here.
Of course, none of this means it isn't valuable, or a very good puzzle. But as, say, a screenplay, I can't say I think a whole lot of it.
Other Stuff
One thing I noticed early on is that Lynch seems to like taking everday things and making them tense. The most obvious example is just glancing behind a restaurant in broad daylight. Somehow, he makes it terrifying. In any other circumstance, I think I'd have found the "bum" (if that's what he's supposed to be) downright comical looking, but Lynch set the mood, and cast an actor who conveyed genuine fear, and it worked beautifully.
This happens all throughout the movie; there are many tense and/or scary moments, but almost all of it takes place during the day. He doesn't use anything as cliche as the dark to create tension. I found his ability to create tension in otherwise boring circumstances very impressive.
Also, while most of the performances were quite good, Naomi Watts definitely stands out. She's really something else in this film. I left more impressed with her than anyone else involved in the production.
Something else I find interesting is that Mike/Sedai likes it so much. Now, I'm definitely not accusing you of any sort of contradiction, Mike, but I look at
Mulholland Dr. in much the way you look at
Memento; fairly average story, great technical precision, with a major gimmick that some people find enthralling. They're two different films, of course, so there's nothing wrong with loving one and being lukewarm on the other, but I think this comparison best conveys my feelings towards the movie.
Other than that, I have to admit also being somewhat impressed with the range of theories out there. Some of them make a good deal more sense than I would have guessed. Granted, I'm of the mind that if you throw enough vague symbolism into a movie, smart people will find meaning whether it's there or not, but I think I might be more impressed by several bits of fan analysis than I am with the film itself, if you follow.
I might see it again at one point, to see how many new things I can pick up on, though I've already done a fair amount of reading on the topic, so a lot of what I notice I'll probably have already read about.
Anyway, well worth watching. A better puzzle than a story, and a better experience than a film, but intriguing all the same. I'd recommend it just to make sure it's seen.
Dunno if any of this will be considered blasphemous, but there it is.