I don't know. I'm on the fence about Magnolia. When it first came out I was Way into it. There was an ongoing debate between me and everyone I knew for awhile. Magnolia, American Beauty, and Fight Club were in a heated battle for worst and/or best movie ever. My older brother HATED Magnolia and LOVED American Beauty. I Loved Magnolia when it came out, HATED American Beauty, and SORTA hated Fight Club but thought "at least this movie is OPENLY myscegenistic* unlike American Beauty". Then I saw Magnolia a second time and kinda started to hate that too, but I feel like Magnolia and American Beauty are like polar opposites. One is the antidote to the other. One thing I do like about Magnolia is that it is so relentlessly and fearlessly sincere, but I don't know if I'd even be able to stand it for ten minutes now that I live in southern California. There's a definite "Sad Yuppie" thing running through it. Still, I was always a defender of the Aimmee Mann montage when everyone in art school was like "no Way!" and calling it emotional pornography and whatnot. Anyway you slice it, Magnolia could've been a whole lot shorter, and Boogie Nights is kinda better, imho.
*no idea how that's spelled.