I liked it!
I saw this earlier tonight, and found it to be rather fun and quirky, with good acting and some interesting visuals!
The characters were a lot of fun, especially Bruce Dern as the sheriff, and Val Kilmer was quite believable in his role, and it was nice to see him on the big screen again. His frustration of trying to think of a great story idea was true to form!
Elle Fanning under played her role a bit, which was smart, and the father had a genuine nastiness to him, reminding me of some of the evil characters of Robert Englund, so kudos to him!
The plot was fun enough for this type of movie, and I agree with others that it felt very much in the style of Twin Peaks, with a gothic horror coating added to it.
While not scary, other than one scene (Think of Beetlejuice & A Nightmare On Elm Street combined!), it wasn't trying to be, and it didn't come across as forced, even though it's done in an odd way.
The visuals for this style were well done, and very atmospheric with the enhanced moon lighting and otherworldly blueish gray tone. I really wanted to walk with these characters in that lighting! The near blinding whites were also fun and added to the ghostlike appearance to some of the characters.
Edgar Allen Poe was brilliant in every way, and lot of fun!
Don't go in expecting it to be on the caliber of Dracula, because it's a much smaller film.
Certainly a fun times at the cinema and an new change for Coppola!