Whilst the film is by no means a masterpiece, it has some great moments. The first 30 minutes, in which special agent Chet Desmond (Chris Isaak) and partner (Kiefer Surherland) investigate the murder of the first victim, Theresa Banks, are irrelevant to the rest of the film as that plot thread completely disappears. I believe the intention was to creare a series of films but as that didn't go ahead, skip the first 30 minutes (which are the closest to the tone of Twin Peaks in that they are surreal, some offbeat humour as well as the horror of the murder). David Bowie's cameo is miniscule.
The film really centres on the last week of Laura Palmer's life. Although the plot points aren't new to anyone who's watched Twin Peaks- they might even be used as flashbacks in the TV show were the content turned down- it is interesting to explore Laura's life through her eyes. In Twin Peaks the series, Laura is seen through different people's eyes so that they each have their 'version' of her, but here we get to see the nightmare, even darker than the show and the same level of surrealness. It's very Lynchian- i.e. Dreamlike/nightmarish with more nudity and violence than could ever have been shown on the TV show.
Moira Kelly is a good recast as Donna and it was great to see their friendship, perhaps the only real light in Laura's life.
As for Kyle MacLachlan as Dale Cooper, he's in it for a small amount in the first 30 minutes and then the final shot, so really the main draw is whether you want to see Laura's experience depicted on screen. Sheryl Lee as Laura gives a powerful performance that reflects the magnetic power Laura held over Twin Peaks residents.
Do not watch this film if you haven't watched the TV show as major plot points are revealed; if you have already watched the show, you won't get any more clues as to meaning. It's just a very powerful character study with some shocking moments even though we know who the killer is, and a woozy nightclub scene which feels dreamlike and nightmarish.
