I think it IS a very underrated film. Now, you can call me crazy. I know alot of people really dislike this film, but I watched it last night on DVD for the first time in a while, and I found it really compelling. Say what you will about Joel Schumacher, but I think this is one of his better films. I don't think he watered down any of the ugly details of underground porn. It might be very much a Hollywood-movie, but not many Hollywood movies have the balls tackle such a sleazy subject. Some people say it takes a prudish, conservative approach, but I really didn't get that feeling. I admit that the second half of the movie has some major holes in it. There are definitely some flaws in the second half.....But at the very least the first act is really compelling, with Nicolas Cage investigating the snuff flick. Pretty fascinating stuff, if you ask me.....I also think Peter Stomare gives a great performance as the snuff- movie king....And, hey, you got Tony Soprano in there, too!! I really don't think 8MM got a fair shake. I'm sure there will be people who will be quick to jump in and say "This movie sucks"....Hey, everyone's entitled to their opinion.....But I think if some people can agree that HALLOWEEN 3 is underrated, then why not this???