Minimalism's an odd thing. I find it really depends on context. Minimalistic story telling in a video game or some such thing, is awesome, the same thing in a book, not so great and in movies can be hit or miss.

From a ui design standpoint, I can't stand minimalism most of the time. The lack of immediately apparent information and context can be infuriating. Whereas a minimalistic design in some kind of manual tool would tend to make things more straightforward and easy.

Minimalistic music can be great for setting atmosphere under certain contexts, but wouldn't be great for a dance party.

Minimalism is a tool that should be applied.to situations where 'having less is more'. Otherwise it just detracts from whatever you're trying to do and should be used sparingly.