I loved it.... I ended up going to the movies twice to see it. Both by myself through, since I couldn't get any of my friends to want to come see it with me.
I loved the music and costumes and the story... and man oh man, I love Ewan McGregor in it too ^^
Baz Luhrmann is one of my favourite directors, he also did Romeo and Juliet and Strickly Ballroom. Two other fav movies of mine.
It still remains one of my favourite movies.