The result: confusion, incoherence, and strained suspension of disbelief.
Throw in those tacky, low-budget flashbacks and daydream sequences, and the modern viewer has likely had enough. Probably the cheesy song-and-dance numbers inserted directly into his script.
None of the actors seem particularly adept at performing Shakespeare, which is its own specific skill for the modern player, leading to very puzzling scenes wherein no one’s lines can be understood.
The Good: Okay, so we all love some Danes and Di Caprio, especially when they’re having a romantic wet T-shirt contest. Seriously, the actors have the youthful innocence and fervor to sell their roles, and the chemistry to make us believe in their romance.
Somehow Amanda Bynes in a wig doesn't carry "Twelfth Night" isn’t as popular as "Romeo and Juliet," as Shakespeare plays go, but somehow it’s inspired just as many teen-geared adaptations.
Apparently movie execs love putting girls in drag and making homoerotic jokes (until she’s revealed to be, thankfully for heteronormativity, a girl).