Look, I'm not one who automatically looks down on low-budget genre movies. In fact, I watch them all the time. But there's little positive I can say about this movie. The cinematography is okay, the locations look nice, and... well, that's all for the positive.
Now the negative. Hoo boy. It mainly boils down to a terrible script and aggressively annoying directing. First, the script. To put it bluntly, almost NOTHING of real consequence happens up until near the end. Most of the movie just consists of the characters wandering around, sensing something is out there, and blurting out various theories. What's surprising is that even though there is a lot of nothing, often when there is some important explanation it it left unfinished (probably more due to the editing, which is unbelievably inept at times). Sometimes whole sequences are missing. In fact, these and other lapses suggest the shoot had problems and the production wasn't able to shoot everything that was planned.
And the directing... well, as others have said, there is the annoying fade-to-black that seems to happen every four minutes, the images being manipulated by unfocusing and other techniques that make you utter confused as to what's happening, badly chosen camera angles, no sense of tension, no feeling of struggle, etc. etc. I could go on, but you get the idea.
A number of people have claimed that no movie involving Sasquatch has been any good. While I can't claim to have seen every such movie, this movie certainly adds considerable fuel to the argument. If you want to see a low budget movie about people stranded in the wilderness who are attacked by hairy creatures, I strongly recommend you instead watch the vastly entertaining "Dog Soldiers".