This is a tough one. On one hand, I enjoyed the plot and was curious about the development of the relationships between Laura/Carmilla and Carmilla/De Lafontaine. On the other hand, Laura and Carmilla's relationship felt one dimensional and forced and their connection appeared seemingly out of thin air. Although there were hints throughout the story of Laura's depravity, there wasn't enough build-up of those thoughts/feelings when it came down to the acts themselves to make them feel truly apart of her characterization. 

The portions of the story that really took the rating down a couple notches were:

There was so little tension, so little feeling in both the scenes that I couldn't find myself to care all that much.

Overall, it was just fine.