The film is a Hungarian/Canadian co-production that was not intended for children. Director Marta Meszaros explores the struggles of women trapped in oppressive societies through the lens of the Red Riding Hood legend, using the story as a metaphor within a futuristic framework. The "wolves" are human and the "friendly hunters" are few and far between.
This take on the beloved fairy tale is both weird and sometimes disturbing. In this version, the main girl is more whiny and petulant. She has a boyfriend (who is somehow able to come and go into the forest from the city without any visible means of transportation) and she communicates telepathically with the wolf. There is a sub-plot about her divorced parents which doesn't really make sense and the film features an odd development towards the end.
The forest scenery is gorgeous and the film is professionally made. However, it's hard to tell if this was made for kids or not because it contains many odd and questionable elements. It definitely isn't the story that most people grew up with.