I really dislike that movie as a whole, but I know many ppl enjoy it for what it is and/or find it nostalgic, so I try to keep my negative opinions about it to myself.

(by textsfromthevampire ^This meme actually works in reference to Lestat and Stuart Townsend AS Lestat.)
The long answer is:
I didn’t hate Townsend. I don’t like to throw hate on actors for their acting. I’d say ST did the best he could with what he was given. His failure as Lestat was a group effort (makeup, costume, script writer, dialogue coach, director, editor, sfx, etc. all had a hand in what we got on the screen) much as Cruise’s success was a group effort (wherein all those things previously mentioned came together so perfectly).
The actor is one part of the machine in creating that character. The failure or success of the character can ultimately be placed on the director since s/he’s the one who coordinates and makes all the aesthetic choices for the entire film.
But again, some ppl really enjoyed him as Lestat, maybe for the same reasons I /disliked/ his performance! Everyone has their own taste, ppl frequently disagree with the Academy Awards (why hasn’t Tom Cruise gotten one yet???!!), it’s all very subjective.