I think you've missed the point too. The film snobs have it right. I don't know if you've ever heard of a little known art called "film-making". It's something that's been around more than a century and has actually had a progression. Without this art, there would be no films for any of us to enjoy. Appreciating works is not just about how much they entertain you or how much you connect with the narrative. Historical context and how that art was applied at the time is an essential aspect. If we're to think of films (and all art) as communication, the artist (in this case Welles) wanted to express something. He wanted to do it through film (his medium). If all we pay attention to is what Welles said through this film, then we're missing a major aspect: That aspect is how it was said. The articulation, if you will.
Anyone can "say" a story about a man who closes his heart to people, wants to control them and gain wealth and power, but ends up a lonely old man who has lost, and wants to desperately retrieve his innocence.
That story isn't original. The search for wealth and power, and how if you get there, you'll find the grass wasn't so greener afterall.
The story is nothing new, but how Welles told it (articulated it) was. What makes this film so brilliant is not the story itself. In fact, it's no one part of the film. It's how Welles used all the parts in such brilliant fashion. Ignoring cinematography and camera work in the film is like ignoring melody in music: To ignore it is to miss a very important part of what's being said. If people ignore all the technique that went into making this film, then they're missing subtleties of Welles's artistic expression.
This isn't a film for those who love mindless entertainment. It's a film for those who love film, and the art of film-making. It isn't insipid material designed to hand everything to its audience on a silver platter. It's a challenging work that demands the full attention of its audience. And that's why the eMTyV generation hates this film so much. They can't stand any work which doesn't drop mindless entertainment in their lap.
Anyway, end rant. I'll probably put this in a review soon anyway...