I didn't hate it, but didn't see anything special about it either. For me, the "hype" was at a Comic-Con panel I attended. The theme of the panel was horror talk on the internet (obviously something I'd be interested in), panelists were moderators and webmasters from various horror sites, and Wingard. They all had attended a preview of You're Next the night before, so all the panelists basically fellated Wingard for the duration of the talk.
So I was expecting something different, and all I got was another home invasion story along the lines of Straw Dogs, Fight For Your Life, or the House on the Edge of the Park.
CINEMA PAFF - Your BB-Movie Showcase *
* - The extra B is for BYOBB