Totally agree with you, OP. I wonder how many critics and filmgoers who have slagged this film over the years did so because everyone else was doing so instead of because they actually watched the film intently and honestly disliked it, because what I see when I watch Snake Eyes is an extremely well made, intelligent examination of a very flawed protagonist's quest for redemption dressed up as a conspiracy thriller. Of course, it can also be enjoyed thoroughly as a thriller as well.
Too many people have gotten hung up on the "the bad guy is revealed too early" angle, as if the mystery of the bad guy is the central point of the film, which it isn't. Quite clearly the journey of the Nicolas Cage character, Rick Santoro, from corrupt cop to corrupt cop hero is what De Palma is most interested in.
As with almost all of De Palma's work there are a number of great scenes and set pieces here, the best of which is the opening "shot" (actually a few different long takes cleverly spliced together, but still an absolutely incredible bit of technical wizardry), but the crane shot later in the film that passes over several rooms before getting to the bathroom where Julia is scrubbing blood from her clothes is also wonderful.
I'd also like to single out the performances of Nicolas Cage and Gary Sinise for praise. Cage takes a lot of flak for his bizarre performances and even though I mostly enjoy his work he does admittedly go overboard sometimes, but here he's clearly having a blast playing a guy who himself is thrilled with his absurd life... right up until he makes a revelation regarding the conspiracy central to the film, at which point it's like all the air has been knocked out of him. Sinise is very good in a far less flashy role, about which I won't say too much unless someone reading this hasn't seen the movie.
Just another in a long list of examples of critics getting it wrong, not uncommon over the course of De Palma's career.
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