My friend Stephen Rader blogged on this film a few months back because it mentioned in the Windy-City Queercast he was co-hosting [the new DVD release stateside]. His consensus was simple:

Or maybe it's because, no matter what anyone says about how much gay men have evolved, if you put a bunch of gay men into a room - - birthday party, hustler and old college chum optional - - you will get The Boys in the Band.

http://stephenrader.blogspot.com/2008/10/what-i-am-michael-is-32-year-old-ugly.html

Great take on the film.