Frankly rather silly. Carlos Villarias as Dracula is not able to summon anywhere near the same level of menace, authority and dignity that Lugosi is able to conjure so memorably. Villarias comes off like some parody version of the character, baring his teeth and slinking around -- he's just got no class at all, and his big showdown with Dr. Van Helsing is just embarassing. Forgettable.
Actually inferior to the Browning film. Technically it is superior, and it is very Expressionistic. However it goes on much too long and the Count is laughable. Wears out its welcome and has none of the charm or presence of the Browning film.