Classic or dud: Baz Luhrman

I saw the Elvis movie this afternoon--my first Baz Luhrman film. Some of the music's good, especially later stuff (performed by the actor? I assume so), a few hysterical scenes, good recreation of Little Richard, a typically conflated timeline (the Tate murders, Altamont, and "Burning Love" seem to happen simultaneously--not really a big deal), well-chosen end-credit song. I found Tom Hanks to be a major annoyance. I assume the real Colonel spoke like that, because I can't see why you'd make him sound like a cartoon Nazi otherwise.

Apparently he did not!