Studying Cinderella

Who doesn’t love the story of Cinderella, a tale of unlikely love with magical elements and a triumph of good over evil?

 
But the real question is, what's the best way to study this fairytale?

China Smack poses an interesting comparison about Chinese and American education systems in different methods of studying literature.
 

So what’s more important? Analyzing the message of the story, thinking like the characters and enjoying the story or should the story be dissected for its theme, diction, figures of speech?