I'm kinda in between on this one. The camcorder thing is new for the genre, and helps restrict the visibility of the surroundings, making things more potential to jump out at you in the dark, though that doesn't happen. The ending with the cameraman under the monster wasn't even in the script, and was added at the last second. I think it would've done better w/out that bit scene, and the ending was expected, though anti-climactic. Enjoyable and funny. But the first 20 minutes or so are pointless. You don't even need to know the characters to feel for them when the mayhem begins. And it's not like anyone remembers or cares about their back-stories after said mayhem begins.
The story is simple and nothing new. The acting's alright. The restriction of visuals is good for the story being told.
As for the overall quote: In an interview with the director, he stated that very thing I put in the overall quote, and I thought to myself: "Well, if I'm not mistaken (which I'm not) then there was this little '33 film called, oh what was it? Oh yeah yeah: KING KONG that glorifies New York as having it's own beast, and there were 2! Count 'em, 2! remakes w/in a century that made big bucks. So this director is out there!!!!