Pretty much sums it up.
It's low budget and should be terrible, but it's actually quite a decent effort. Don't get me wrong, it's no equal to The Thing, but for what it is, it's very entertaining and the monster is either CGI that looks better than the effects used in films costing twenty times as much or it's a superb man in a rubber suit type effort. And it's certainly tons better than The Thing sequel from a few years ago.
8/10 (Y'know, relative an' all that.)