I saw it years ago, when still in film school - not part of an assignment, but just because I saw it at my library's film section and thought it might be interesting - and it was. I found it really interesting, especially as I just knew less about lgbt issues and censorship back then.

What I find really interesting is that we can't really see those movies as the people back then did - because we have a different cultural context - i.e. something might look terribly gay to us while it wasn't back then, and we in turn might miss subtext those audiences might have picked up on.

A lot of the tropes still remain in fiction today, though, albeit updated, and there still seems to be a reluctance for gay leads if the story is not particularly about sexuality.