I went to see Cloverfield last night. It took about 20 minutes before anything cool happened. The movie was a mix between War of the Worlds, Godzilla & Blair Witch. Everything was shot through a handheld camera so there was a lot of bouncing around. The special effects were amazing, it was interesting seeing how it would look on a camcorder as if you were really filming it. Not too much of a plot tho, the whole movie is supposed to take place over 7 hours. The actual movie was a hour and a half long, just long enough to fill the tape in the camcorder. All and all it was worth the $7.
