I'm almost in complete agreement with the 2-star review for this, yes, this is a bad movie, so bad it's good.
It starts off quite promisingly with a nice Anime section, then an intro by Snoop and into the first short - at which point I thought, aww, this is going to suck! The acting is really quite bad in places, the eye-candy of the first short is just that and nothing more, which is a shame because there's a couple of good lines of dialogue delivered terribly.
What we do get is no twist on the genre, it's more like Twilight Zone segments bundled together with added gore and humour, which is where this movie does work, the gore's not OTT but is generally done with gusto - you get the impression the SFX guys had a great deal of fun with this.
There's some hilarious caricatures of stereotypes in here, purposeful too (I think/hope) and worth seeing to see actors you wouldn't expect anywhere near this turning up.
Overall if you want an evening with your mates round, some beers and pizza - this movie is a win, especially for the less-than-hire pricetag.