Idealization of the past
In my opinion, the only thing this movie does is IDEALIZING the history of Russia before 1917. It only shows how everything was so RICH, BEAUTIFUL, and COLORFUL before the revolution of 1917. If it was SO glorious why did the revolution happenned? And if pictures is such a good indicator of the mood of the times, as the film tries to tell as, this movie indicates that the only thing Russians seem to do now is idealizing the past instead of concentating on present problems.
In summary, this movie is Russian's culture escape from reality at it's BEST. And history this movie is NOT!