I have seen both versions of this film and I would have to say that the primary feeling I get afterwards is ambivalence. Now maybe the director was trying to say something and then again maybe he wasn't; ambiguity is often a sign of an artist trying to force the viewer to think, but it is even more often a sign of a lazy and pretentious CON-artist with nothing particularly cohesive to say and no particular idea on how to say it.
Not all that is Ambiguous is art; in just the same way that not everything that is yellow is cheese.
And then there's the whole child porn / not child porn argument, now whether you get turned on or not by watching badly acted scenes of children having sex with adults remains to be seen, and it doesn't alter the fact that there's a hell of a lot of people out there who do.
Now whether the director is trying to say something with full frontal child nudity and sex is up to others to argue about at length rather than me, but nothing makes a cult movie better that questionable content and there is nothing to say that the director wasn't simply being shocking to gain attention.
But I would also point out that we've only got the directors word for it that child porn wasn't his intent.
And for me that is just another reason to be turned off by this movie.