I had the good fortune to see the play in New York, with it's almost original cast; many of the actors who appear in the film were still in the roles on stage when I saw it. This leads to the film's only (in my opinion) flaw...it's not the play. The theatre creates an intimacy that is perfect for the issues and performances in this piece. However, we allow ourselves a detachment when seeing it as a film that really doesn't mix with the story. Here's the thing for those who have a problem with either the overt homosexual themes, or the stereotypical characters...imagine if half the cast were women and the other half were heterosexual men...would you feel different about the piece if Arthur and Perry were a hetero couple? If Ramon was a female dancer instead of a male? The thing is, the piece is not primarily about the fact that the men are gay, or about how gay they are. It's a love story, a story of friendship, and a story of loss. The fact that all of them are homosexual is simply a backdrop to everything else going on. Excellent performances by John Glover, Jason Alexander and Steven Bogardus. I see what everyone is saying about not being able to get Seinfeld out of their heads, but I didn't have that problem. The rest of the cast is only adequate, but no one lets the ensemble down.
There is a trend of making filmed versions of stage performances available to the public...this would be the perfect piece with which to do that. The movie is good, and I very much enjoyed it...it just doesn't have the vibrancy and immediacy of seeing these characters live.