I have recently seen several "Asian gay dramas". Formula 17 is one of the best.
An observation I have made is that several of the Asian gay dramas are full of guilt. This is nothing unique to the Asian gay dramas, just think of Brokeback Mountain. But I have seen a few too many films that end in death and general misery, where the conclusion seems to be that being gay is just pain, suffering and misery. Perhaps this is a realistic description in some of the more conservative Asian societies, but if suicide is the only way out for the protagonist of the film, then that is a bad film in my opinion.
Formula 17 is a much more hopeful film. The protagonists have their struggles and problems to deal with. However, these problems are in good sense more everyday. The characters cover a wide and not too subtle spectrum of being gay, and the story is both fun and cute. Yes, it is a bit sugar coated, but why not? Also, the film offers some nice photo of Taiwan. After I saw this film, I wanted to go there.
Highly recommended, especially if you want to see a good Asian gay drama with more fun and less depression.