I went Paranormal 4. I find they get better as the series progresses. Frankenweenie and Silent Hill are also on my radar.
I watched VHS the other day. WAY too much shaky cam. The segments were ho-hum for the most part. The last one is almost worth watching the whole movie for. Simple. That's the key. The other ones were either too convoluted or too predictable. They had an interesting premise with this, but I can't recommend it. I'd would however recommend catching the last entry to this anthology on youtube where it will most likely end up some day.