I liked this fourth film of James Gray very much. It is interesting, nuanced, well photographed and directed. The casting is very fitting: Joaquin Phoenix, Gwyneth Paltrow and Isabella Rossellini require no introduction - every film where they appeared was a kind of success.
I liked the story line precisely for the reasons some of the critics did not - inconclusiveness of the situation. The narrative should not be treated as a moral tale with prescribed behavior and a suggestion to act certain way. For some of us, who lived and experienced, life situations have no clear conclusions, especially in the matter concerning personal relationships. And so we are shown various geometrical configurations of relationships between people: A loves B, B loves C, C loves D; D perhaps does not love anyone; C can not settle for B and returns to D when D calls; B settles for A. Who's right and who's wrong? Luckily this is not all there is about this film. There are interesting shots, exotic locations (Brighton Beach, Brooklyn, NY), very good acting.
Some reviewers complained that the narrative is too predictable - perhaps. I personally would prefer more broader metaphor, perhaps more connection with social dimension, more resonance between personal and social. Oh well, I hope this is coming in the next Gray's films.