Yes, has everyone gone mad?
I haven't figured out why people like this movie. It may be because I've never seen any other movies by Wilder and so am mistaking his style for poor filmmaking. But still. The film is awkwardly staged, poorly acted, badly written, and boring.
Oh, yes, in the first half hour we have an implication that Holmes may be gay, and it is highlighted that he shoots cocaine into his veins. At the end of the film, both these themes are revisited, so there must be a sense in which this is what the movie is "really about."
But sandwiched in between these two superficially interesting ideas, is a ho-hum Holmes mystery, (easily guessable by the audience long before Holmes figures it out, by the way,) and a lot of stilted dialogue stiltedly delivered. Once the movie gets started, any deflationary "realistic" redrawing of the Holmes character is forgotten: He's just like in the books. At the end, these humanizing touches are revisited almost as an afterthought.
A charitable watcher will read the humanized subtext into the rest of the movie, but there is nothing about the way the plot plays out that compells this.
Anyway, thrown in there is also a scene in which Queen Victoria is portrayed in this cutesy "aw isn't she a sweet, doddering old lady completely out of touch with reality and capable of destroying the country because of a sentimental whim!" way. It should make you scowl.
A final observation: The whole thing plays out like a bad adaptation from a stage production.
I gave it 3 out of 5 on netflix, with a strong temptation to give it 2.