Definitely worth watching.
I would put it up there as 2nd only to Coppola's Bram Stoker's Dracula because while Coppola's version is faithful to the book for the most part, Dracula actually portrays a dominating Dracula and keeps the original dialogue just in a different manner. While Dracula does regaling of his family at the dinner table, he speaks to Lucy when he has already in Carfax Abbey instead to Jonathon when he travels to Transylvania.
While the relations between the characters are similar to Universal Pictures version as well as Hammer Studio's version, it links Mina and Professor van Helsing in a new way. It also introduces a romance for Dracula in which no other Dracula has before, short of 1922's German film Nosferatu. It portrays Mina and Lucy as they should be, as descent women while Coppola completely perverts Lucy. I enjoyed how Lucy and Coppola's Mina are thinking for themselves.
I guess it is a sort of cross between Universal Pictures version and Coppola's version. I short I enjoyed it more than Coppola's version since the scene of Dracula's first taking Lucy in Coppola's has Dracula some sort of beastly version. It was incredibly weird.