Baz simply took a few well-worked themes and attempted to give them a fresh presentation to try and resurrect a dying cinematic genre and I think he succeeded spectacularly.
We can agree to disagree, but I thought Lars von Trier came closer to achieving this goal in 2000's "Dancer in the Dark" than Baz did with last year's "Moulin Rouge", and I am only mezzo-mezzo on "Dancer in the Dark".
I honestly like the "idea" of Moulin Rouge more than the actual film, and hope that Baz takes another more successful go at a modern musical.
Regards,