Bad, and not in a good way A horrible waste of time. I'm all for non-linear narratives, but this made no sense and never paid off. Characters have beards or an eye patch in one scene, then not in the next. You can't tell which characters actually exist, or who they are to each other. There's no coherent visual style, or rhythm, or any logic whatsoever.
The Butoh dancers are probably supposed to be "artsy" or intense, but they just come off as silly, capering about with great commitment and no discernible purpose.
While there's some resemblance to the Dr. Moreau story, this movie is too goofy to be shocking, and too disorganized to ever build up any fear or potency.
What you do get: a random, unintelligible story, bad special effect violence, and a fair number of bare tits. (That actually makes it sound better than it is.)