Well, maybe if a person just doesn't like this type of old school Horror film or the Retro style of movies like this really bores them. Then yes, I guess so... But, when a person rates a film like this poorly when it is one that they wouldn't like anyway, does that help the rest of us to know HOW WELL it was done? See what I mean? For example, I personally loathe and detest Torture Porn Horror films, but I certainly do not come here and give movies like 'HOSTEL' low ratings, do I? Why...? Well, because that doesn't really help people who might actually LIKE those kinds of films and who want to know if a particular one is done well. So, likewise with this one.
Sorry about the long intro, it kind of bothers me when people do that here, because as I said, it's really not helpful to others who DO like these types of films. Well, you can probably tell by my rating that I really liked this movie (the reviews of the two other people so far here seem to agree...) This movie is indeed for people who actually DO like these kind of Old School Ghost Stories (can you say, 'THE FOG' anyone...? YES, the original, NOT the lame remake : ) So, if you are the kind of person who likes older style Ghost Stories (especially ones based upon Classics like Poe) then you will probably really enjoy this movie.
In my lowly and wretched opinion, I thought it was put together in a very effective and moody way with a lot of Classic style and atmosphere. I felt that it was told in a way that served the story very well and maintained a good level of Suspense. The acting, although not stellar, was decent enough and did not detract from the mood of the story. It IS a very simple story though, so you will need to keep your expectations reasonable. I'd say if you like modern versions of Classic Horror stories like Stuart Gordon's 'DAGON', for example (although this one is much simpler and likely with FAR less money) you should really enjoy this one.
Again, a good, old-fashioned, Old School, creepy and atmospheric Ghost Story. Nicely told and well done considering the clear limitations of how much money they could spend on it.
(P.S: Please be careful with Claudio's review below (above?) as it has some, I'm sure, unintended Spoilers in it!)