This movie was not a martial arts epic, although the plot did revolve around the foundation of a new sword fighting school. Do not watch this movie for the action.
It was an unexpectedly absurd comic film which felt more like a stage play than a screenplay. The fight scenes, such as they were, seemed more like awkward, choreographed dances, including people jumping and gasping in unison in the background.
That said, I found it very enjoyable, once I got over the ridiculousness of it. The characters were likable and their motivations made sense within the film's twisted logic.
The directing choices were interesting, with the backgrounds being both stark and beautiful at the same time. Many of the scenes occurred at night, further focusing the viewers attention on the characters rather than the visuals.
At no point was this movie laugh out loud funny, but the director committed to the absurdity of it enough to hold my interest. I would recommend it so long as you don't enter into watching it with skewed expectations.