I want to give this movie some credit: while a lot of found footage movies are incredibly cheap, The Monster Project had a budget for its monsters. I've absolutely seen worse effects in other movies, and the creatures here didn't look like ass. The problem is that this movie is really, really proud of its monsters. It takes every opportunity--once things kick off at the halfway point--to show you them in action. But that becomes a problem, because the more you see clear shots of a creature, the less frightening it becomes. We become inured to it and can grow bored with it. And I know this feels more like a third paragraph thing rather than an intro, but I wanted to get that out of the way first.