What I admired the most about "Vagabond" is the objective, evenhanded approach of the director towards her "heroine". She neither praises nor condemns her chosen "lifestyle", she simply observes it - and she observes it so well that this feels like the work of someone who's had first-hand experiences with similar people and surroundings. To be perfectly honest, the film doesn't have much psychological (or sociological) depth, and it can get boring at times while you're watching it, but right after it's over, you know that you've seen a good movie. (***)