I watched this movie on VOD with my boyfriend and here are my honest female perspective thoughts, take them for what they are:
Cut is a very good thriller (I rated an 8) that pays close attention to the detail in the story telling adventure. It is a very smart story that poses as something that seems overly generic at times in the beginning, but is, in actuality, far from it. Once we realize what is really going on, it all makes sense and I felt infantile and silly for not seeing it coming. The movie does not spoon feed the audience with the obvious and assumes there is a level of intelligence in the viewer, which I really appreciate.
Yes, I wish a few of the ideas had been developed a bit more, but most movies have that flaw. And for a lower budget (I'm guessing under a million), the acting is solid and the stylistic imagery is well done. If you are looking for a true horror movie with excessive blood and guts, you may be disappointed, but I don't think that is what this movie is meant to be. When we get to the end, the choice of the visual style all makes sense and is rather brilliant.
In response to some of the posts here and on other movies, it's quite sad how some people just have to say nasty things just to say them. Maybe it makes them feel important, not sure. Some get into a debate over silly things which have no foundational value at all, but these are probably the same people who were bullies in high school and now have nothing better to do.
It seems that the bad reviews here all say similar things about only watching a few minutes then skipping around. It's quite a shame that you chose to judge something before seeing it all the way through, but maybe you were just looking for a gore fest of obligatory images of blood and boobs.
Cut is very well done and definitely worth a watch, but you have to be smart enough to put it together.