@Fall of Reach said:i was actually pretty impressed by it. not really by its acting or story, but by mostly its technical merits and how it was made.
with what little resources the creator had he managed to pull off something fairly neat.
it definitely wasn't at 'terrifying' as people made it out to be.
Go rent "Primer" which was made for half the budget of Paranormal Activity. It is superb hard sci-fi. You'll be really impressed. Or "Tape" by Richard Linklater.. shot in a hotel room, on literally, no budget and all in real time.. but taut, compelling, confronting and intense.