Frivolous reinterpretation of Les Liaisons Dangereuse, done very well.
Full Review:
For a movie on a really tight budget, using (at the time) B list talent, this one's done well. Les Liaisons Dangereuse is the precursor text, and updating it to late 20th century Manhattan does not damage the story at all -- the societies (pre-Revolutionary France and modern urban-extravagant culture) are eerily similar.
The production values are high, the talent is well cast and works well within their roles, and the script is pretty solid. For a teen targeted puff piece of film, this one turned out to attract the attention of others.