This is one of the single most important anime series ever, it single-handedly helped revive the fan side of the industry and created a digi-sub boom. That is why I love this show. I had waited for this show for ages when I first heard about it, when I finally saw it I was amazed. Atmosphere is the body of the show.
From beginning to end this show is presented as a simple adventure/mystery story, but it is much more than that. There is far more to praise in this show than a great number of what was on at the time of its premier in Japan, but this along with Witch Hunter Robin and Gundam Seed represent the kind of quality that the current industry is capable of.
Enough Praise...
Yes there is a lot going for it, plot, character designs, music, atmosphere, character development, but it has one downside, much like the afore mentioned Witch Hunter Robin, it is essentially an Evangelion clone. This is not evident until the end of the show, and it does not hamper the quality of the show, but it does promote a trend. The ending, unlike Evangelion, is happy, and is the most amazing ending one could possibly ever wish for out of this show, but it is a bit cryptic, but satisfying nonetheless.
Wolf's Rain is gold, the kind of gold that we get today. Hopefully we get more like it in the upcoming years.