Great film. Certainly one of the best westerns I've seen- it manages to pull off a classic-style western in an entirely modern way. Crowe plays a brilliant antihero outlaw, Bale a very likeable rancher trying to retain his dignity and the respect of others, along with a great support cast who fit the genre perfectly.
There are a few action sequences that seem over the top, and some elements of the plot that you maybe need to overlook, but this is a western through and through. Wonderful locations and cinematography, stagecoach scenes that are nothing like you've seen before, and a brilliant final shootout.