Personally I think it does, and would rate it as the best WW2 film made to date. Far better than Saving Private Ryan, which for all its visual style is a rather old fashioned men on a mission story.
That said I understand what you mean. It's entirely possible that it doesn't work for many (and wasn't a huge success) because it is the macro-telling of a major offensive operation spread over multiple areas featuring multiple characters in plots that sometimes intertwine but are otherwise unconnected (for instance, Hopkins and Connery are the 'leaders' of the main British 1st contigents in the film, but I don't believe they ever meet up again). As a result, it's a very impersonal film, and hard to know who to have emotional investment in. What's more, because it's realistic and relatively true to history it doesn't end in a victorious, swelling climax but fizzles out (just as Market Garden did) in a relative failure.
I'd love it if DiF had a go at it. It's a long sprawling epic, and is great who's who of 70s American and British film stars (it's even been called 'A star too many').
Imagination will often carry us to worlds that never were. But without it we go nowhere. - Carl Sagan