This is a movie about an event that actually happened in Chinese history, but it takes artistic license and changes what happened in reality. The result is an almost unrecognizable story to what happened with Liu Bang and Xiang Yu during the war of Chu-Han contention.
The story is about one of the most famous war in Chinese history between the two rivals Liu Bang and Xiang Yu for the control of entire China. History is clear about who the winner is and Liu Bang becomes the first emperor of the Han dynasty. But this is one of the most exciting story in Chinese history next to "The Romance of the Three Kingdoms".
Whatever they changed from the historical story actually made the story worse. I have no idea why the producers chose to make the story into the drama that is this movie. The plot of the original story is far better than this story. There is no build up to the conflict that happens in the real story of Liu Bang and Xiang Yu. It also doesn't show why Xiang Yu who was clearly winning at the start, ended up losing his force, and eventually gets surrounded by Liu Bang's army. Feast at the Hong gate was one of the turning point of this war, and Xiang Yu had a once in a life time opportunity to kill Liu Bang, but failed to cash in on this opportunity. He never recovered from this mistake, and his tactics meanders after this meeting until his eventual demise.
There is so much highlight scenes in this war, and the characters were all so interesting, but this movie screwed all of this up. All the good details of the story never made it into this movie. The two hour long movie could easily have been an hour and a half if the useless drama the script writer inserted into the story were edited out.
Failure of script writing is the ultimate downfall of this movie. Compared to "The Red Cliff I and II" where director John Woo carefully inserted his interpretation to the story, which made that story so good, this movie had no such story telling behind it.
Too bad, for the money they put into this movie, it could have been another "Assassin" level production. A better movie about Liu Bang and Xiang Yu is awaited with more spot light on the interesting characters, and build up to the story.