This is the first Oscar contender of the year. Depp and Bale both turn in performances worthy of the Best Actor and Supporting Actor statuettes, and the movie itself is raw, violent, gritty, and realistic in ways that modern summer blockbusters fail to capture.
I understand previous criticisms about how this movie doesn't "feel" like a movie should. The ending left me wanting something, to be honest. It wasn't until I left the theatre and had time to reflect that I realized the whole point was to accurately portray the live of a vicious thug who robbed banks. That sums the life of John Dillinger, and that's what this movie did so well. Bravo.