For its time, it is certainly something to behold. On the other hand, its propaganda on too many levels. Unfortunately, I've always found the absence of diegetic sound discomforting. A silent film has to be pretty special for me to get over this loss, and this one just isn't. It is, however, subtly amusing, and technically brilliant, so there's that.
"No more traditions chains shall bind us; arise ye slaves, no more in thrall!" The camera, freed from motives of profit & pandering, freed from the tyranny of human limitations, a modernist (futurist!) mechanical eye, capable of seeing the world beyond restricted perceptions of time & space, imparting the lessons necessary for the transition to the glorious proletarian/machine future! Rapturous experimental cinema.