This clearly isn't a werewolf movie as such, but from the looks of some of the makeup it's worth mentioning.
A gothic fantasy romance film. The photography was consistently above average, the story was...interesting, but the plot was often poorly executed and sometimes makes very little sense. Good atmosphere, good locations. The performances were mostly serviceable, sometimes cringe worthy. The biggest flaw was the writing, the dialog could be downright retarded. It was definitely unique, which partly made up for some of the other flaws.
The story concerns an evil twin, a ghost, Audrey Thorn's fantastic breasts (see Twin Peaks), Charlie Spalding's even more fantastic breasts and a dude that turns into a "creature" whenever he feels love (probably the sissiest werewolf in film history). It's not really worth seeking out unless you absotively must see every werewolf related film ever made in the history of everything (and whether or not this is a werewolf movie is arguable), or unless you're a big fan of nice breasts. I qualified for both of those, so if you're like me, go for it.