I remember seeing this when it was released, which must have been sometime in 2003. This is Maggie Gyllenhaal in her break-through role, and she is game and lustrous. Her love interest (James Spader) is a Mickey Rourke-alike, and this is indeed a 9 1/2 weeks sort of deviancy for the new new century. What's not to like?
The Twin Peaks aesthetic is sometimes a bit kooky, a bit creepy, but this is alleviated by a tight focus on the characters, and some of that Lebowksi dreaminess. Maggie is great and I liked how her character evolved; a more sophisticated take on power relationships that is not as readily trivialised as stereotyped feminism.
I reckon this would have made a great stage production ala Oleana, which I saw NUTS produce so many years ago.