There's no drama I've done more of a 180 over. First encountering the movie on late night t.v. when I was high school age, and then renting it at some point in college--I despised it. Just thought it was the most negative, self-pitying junk.
But I've come around to appreciating Crowley's look at a specific segment of the gay community. Even before the movie, there were gay groups who thought it was a negative put-down (Vector had a couple of articles on it taking that position), so I don't think it was ever as representative of the community as it is now sometimes held up to have been. But it's very well constructed, often funny, sometimes frightening and genuinely moving.
It's earned it's place in the canon, as far as I'm concerned.