Judging by the trailer, it's an indie-horror stylized after documentaries. Unlike the Blair Witch Project, this doesn't seem to be 'found-footage", which is good. The acting snippets look somewhat cheezy, but not enough to be considered 'bad' (not sure about the full film though). I'm kind of on the fence on whether it's supposed to be an honest attempt at indie-horror, or just another one of those cheaply-made small-studio films that the market is flooded with for a quick buck. Still, the concept, while not really new, does seem somewhat intriguing, if I'm not mistaking, it takes inspiration from the Lovecraftian mythos' Deep Ones?