A town is terrorised by a super-werewolf (that is, a werewolf that has the cunning of a human and has the potential to change at will), so a band of lone hunters are hired to kill the beast.
Let me start by saying that I have a thing for werewolf movies. Obviously, I like the classics such as American Werewolf in London, The Howling and Ginger Snaps. Aside from those notable titles there are also plenty of lesser-known movies that I also get a kick out of, such as Silver Bullet, The Beast of Bray Road, Mom ... Heck, I even found rubbish like the Howling VII and Blood of the Werewolf somewhat entertaining!
So, why the low rating for this movie then? I think that the problem with this one is that it's just plain dull. There's nothing to really hold the viewer's interest. It's as generic and cliched as possible. When a film is neither well done nor atrocious, the outcome is usually tedium, and Werewolf is a prime example of this.
I hasten to add that this isn't the kind of "good" genre movie where you just sit down with a beer and switch your brain off to enjoy some mindless, unchallenging trash. There are plenty of modest films like that out there (see The Beast of Bray Road as an example of a dumb, generic, but nonetheless entertaining romp). This movie, on the other hand, plays safe and refuses to give us anything to really have fun with. Whether it's the werewolf scenes (which are tame and done entirely with terrible CGI) or the characters or the overall plot... it's all average at best.
If you just want to watch a scary movie about people tracking down a monster then you'll be disappointed. The werewolf even becomes a sympathetic hero by the end, thus robbing the film of its edge. Likewise, the action scenes are underwhelming due to the abundance of CGI and fast-cut editing. There aren't really any characters to root for either, because they're all unlikable stereotypes (the ruggedly hansom cowboy, the badass chick, the stout-hearted young man...) Don't care, don't care, don't care!
You might as well give this one a miss.