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Though this isn’t “Roger & Ebert,” I’ll dispense with the film first: Don’t bother. It cuts all of the characters and scenes that make the play so much fun to read and we’re left with a passionless, sterile and cold(1) movie that looks good but has no soul.
As to the play, I liked it. It’s a lot of fun to read. If I had to compare it to a modern equivalent, I’d say it’s like a decent action film helmed by a competent director. There are a lot of explosions and a ridiculously over-the-top plot but the dialog crackles and the action is nonstop; it’s fun while you’re sitting there munching popcorn.
(1) And I mean “cold” in a very literal sense: The entire movie is set in a cold, north Italian winter. But also “cold” in the figurative sense: There’s only one scene where Annabella and Giovanni are in a “passionate” embrace. The rest of the time, the characters stand apart reciting their lines.