This movie stands with the best of the horror films out there, of all budgets. I saw it at the Shriek Fest Film Festival last year, and people were jumping out of their seats. If we want to get picky, the characters were not the most sympathetic, so it was hard to care about them when the blood started hitting the fan. But the movie did a good job of drawing you in despite that. I felt like I was with the characters, wondering the same thing they were. I never felt like they were stupid and I was just waiting to watch them die (except for one part).
The screening I saw was on a video projector. I forget if it was shot on film or not. The video certainly didn't help. But it was clear that the people working on this were very skilled. The the look of the movie, the look of the creature, and the mystery of the house beyond the cornfield was enough to make this picture an exciting ride.