I really didn't like it. Werewolf flicks are usually my thing, but I found this one rather silly and oddly paced. I also didn't catch the supposed tongue-in-cheek humour at all. The story is rather weird, and really doesn't fit the film at all, and the acting is uniformly terrible. There's no hint of character development or even shades of anything more than slight stereotypes, and thus it becomes just another slasher flick. Also, by the time this film starts going, it's nearly over, as there's too much build-up and not enough payoff. The makeup effects are admittedly impressive, and the much-ballyhooed transformation scene is quite a treat to watch, but one great scene does not a good movie make. The end is kinda cool, I guess, but, again, doesn't fit the film. It's not terrible, but it's not that good either. Quite a disappointment for me.

Okay, so it's a little cheesy at times but it's also effective, from what I remember. But it's not much more than "that flick with E.T.'s mom in it and some weirdly cool make-up effects", really C+

They made an insane amount of DTV sequels to this if I remember correctly.