This type of film has not been attempted since it's most directly inspired The Sixth Sense in 1999. The Bruce Willis movie used a much more straightforward approach and subsequently scored much higher gains at the box office.
If you have kids, this film is a must. If you were ever curious about how you might be constructed, watch this movie. If you just want to be entertained, just watch this movie. If you like classic films, just see this movie.