Although I don't go all gaga over film noir thrillers, I enjoy them o.k. in general. However there's not one second, while watching The Falls, that the viewer is not thinking, "I'm watching a film noir movie," and I did grow to find that rather annoying. I dislike 99% of soundtrack music but I usually try to ignore it. That however is impossible with this movie.
OK, what about everything else? Well, it is a well-crafted and well-acted (except maybe the fight scenes) flick. If you love film noir thrillers, like redheaded babes (for guys) or this type of male (for gals), like jazz music with some rap music thrown in, like film festival selections (as opposed to the standard Hollywood pap), and like seeing a different setting than Los Angeles or New York City, then you may well enjoy this. The characters did all have the typical failing of acting stupidly (as is even commented on, by the narrator) but the multiple twists at the end were rather fun. Unlike with most films, I got the impression that everyone involved was trying to make the best movie they could, rather than simply the most money possible. And at least after watching The Falls, I didn't end up with the feeling that I'd wasted my time, as I often do with (random) DVDs that I borrow.
As for the DVD, I learned plenty, from the behind the scenes feature, which I wouldn't have realized about the making of the movie otherwise. The movie's bonus commentary track also was interesting and enlightening (which often isn't the case.)