Well ****. I have mixed feelings about that movie. On one hand I loved the pervertedness of it all. On the other, there was absolutely NOTHING rewarding about the viewing experience. I'm pretty sure the film was shot solely to frustrate people.
Now that I've had a little time to soak it in, it really was a bit better than the first. It seems like they had to push their imaginations because they couldn't just have every film being someone with a camera.
I'd rank the films as 3 > 1 > 4 > 2. I wish there were 5...