With the exception of very brief and perfunctory moments of exposition, this film is little more than one long action sequence. It's entertaining enough in a frothy sort of way, but that's about as much as you can say of it. Some might consider it horror, but for myself I would rather say that it's more of a pure action film that just happens to be set in a horror-themed landscape.
Hugh Jackman and Kate Beckinsale both deliver the goods in their respective roles. While hardly performing Shakespeare, they do what's required to make their characters work. My only real complaint on the acting front is that Richard Roxburgh wasn't really up to the task of portraying Count Dracula. This is a role that positively demands that magnetism and presence be oozing from every pore. What we instead get is a rather wishy-washy sort of chap.
In the end, I can only say that the title I gave this review - "Little More Than One Long Action Sequence" - sums up my take on this movie. At times I almost felt as if I were just watching a video game, albeit one with really cool graphics.
It's light entertainment with a High Gothic aesthetic. But it's nothing more than that.