This is quite a unique movie because it's based on the book Thor which tells it's story from the perspective of a dog called Thor. The movie doesn't do this for the most part, but the dog Thor remains an important character in the story. So sometimes it feels almost like a horror movie interpretation of Lassie.
The cinematography, acting, directing is top notch for a 90s horror and I'd say those elements are actually superior to many newer, more recent, horror movies. One early birds eye view shot for example is just as good as the opening shot of the classic movie The Shining.
The monster, obviously a big werewolf, is at times quite menacing and horrific and not the predictable CGI that we often see in modern films but instead the old school animatronics/puppet type. I'm not sure how younger audiences will react to it since they're so accustomed to CGI these days. To me, CGI often looks fake and lacking substance, density and textural reality. But with a puppet of this nature, while you can easily tell it's fake, it just has more substance to it because it's made of real material, moving in real space, as opposed to CGI emptiness.
This movie is only let down by a slightly weak story. It starts off very well and carries on being fairly gripping up until the third act when certain plot holes and weaknesses in the script come into play. The final scenes unfortunately are probably the biggest let down and that's where this movie loses most of it's points for me. If it had a stronger third act and much better ending I think it would have possibly been regarded as an all-time horror classic instead of the cult classic that it still remains. But it's still very much worth watching for any horror movie fan and I'd definitely recommend it for some guaranteed horror movie fun.