The movie does a nice job of contrasting Pacino as an insightful, sensitive, and articulate dude when sober, against someone who inevitably says and does really stupid things when he's blotto. I like the fact that the movie doesn't beat you over the head with this message.
Pacino gives another outstanding performance, and he is beginning to look like the ultimate winner of the Pacino/DeNiro sweepstakes, based on lifetime achievement (although neither career is far from over).
This makes a good double-bill with "The Big Easy." They both feature Ellen Barkin at a time in her career when sizzling sex scenes seemed to be written into her contract.