Upon reading other viewers' comments, I have to wonder if we saw the same film! Despite the awful, B-movie title, this was far and beyond the most visually beautiful film I've ever watched. The cinematography was stunning, and the atmosphere was appropriately dark and brooding. The entire town seemed "haunted," with fear and evil oozing from every stone, every tree, nearly every character. I could almost feel the dank air in my own living room!
Having read "Turn of the Screw," and found it particularly unsatisfying (imagine the most overacted, melodramatic soap opera you've ever seen . ..then put it in novella form), and seen previous comments placing this film on a LOWER level than Screw's supposed glorious pinnacle, I admit my expectations weren't too high. Instead, I found the story much more intriguing than Screw, with a couple of little plot twists in rapid succession toward the end. (Saw the first coming, but not the second.) Some may find it depressing because it lacks the Happy Hollywood Ending so typical of American films; however, the screenwriter's refusal to pander to Disneyfication only serves to further raise the level of my esteem for this production.
If you like your movies event-based (like slasher flicks, all about the scary moment, with lots of filler in between and actresses doing bizarre things to get from one event to the next) rather than story-based, you probably won't enjoy this film. If, instead, you like a good story in which nasty ghosties play a role, this is the film for you.