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For a movie with probably a smaller budget than a episode of "Buffy the Vampire Slayer", this movie is better than expected and the writing is good. Not great, but good. I was kinda disappointed in the lack of a big showdown fight and very disappointed in the absence of a cute female love interest, especially since this dude is the last living descendant of Lovecraft then it would be wise if the filmmakers maybe added a potential girlfriend to help carry on the bloodline (and the sequels). Also, it would add an extra layer to the story.
Complaints aside, I enjoyed the movie and even though I would never watch it again, I am interested in seeing a sequel if they make one. At only 78 minutes it's an easy, fun watch. If you like stuff like Buffy and Lovecraft then you'll be amused.