Yes! And it was every bit as awesome as I remember! I saw it again last night after not having done so in probably 10 years or so, and my viewing last night came with a real appreciation for creativity in the vision that Prince had for this project. I tried watching it with more of an open mind and see the point that he was getting at. The main issue I have with the storyline is that he made the Time out to be these evil bad guys while he looked like, pretty much, a bullied saint, trying desperately to save his club, (and himself) and ends up saving the day (and his block), with a ballad about having more faith. The hit song "Funky Weapon" with New Power Generation is a real crowdpleaser and needs more airplay! The wardrobe for the cast was really colorful and fun. I swear Prince's outfit near the end with the half jumpsuit nearly made him appear NAKED. I had forgotten all about that Tevin Campbell and Mavis Staples were in the movie too lol.
Please also note that when I popped the DVD in last night, I already had about 3 full glasses of red wine and drank two and a half more while watching ;)