i dug it.
i watched it two days after watching Fear Dot Com though so i was biased a bit.
another "don't view this thing or you'll die" with a scary little kid in it.
i agree with darren, the nonhappy ending made it even better in my opinion.
the thing that fucked me up most about that movie were the screams from the horse as it was drowning, raised horses all my life and that was almost too much for me.