I went to see Aronofsky's new movie yesterday (as you would know if you were following me on twitter). I'm glad I went, but it was somewhat disappointing. It suffers the same problem as Kill Bill; lots of formalism, lots of beauty, but ultimately signifying nothing.
I think the biggest problem is that the main characters are so abstracted that we don't really care about them. Both Pi and Requiem for a Dream were highly stylized and abstract as well, but the lead characters and situation were strong and personal enough to create emotional connection. In this film the characters exist in a bubble of formal beauty, inaccessible to us.
Still it is awfully beautiful, and the music's great, and there's some nice symbolism for its own sake. If you're a film geek it's worth watching.