I remember it being billed as 'one of the most shocking horror films ever' but thought it was a pile of rubbish. There is no element of horror until at least an hour into the film, and even when it comes it wasn't that shocking. I would agree, utter waste of time.
Robbo82, you're right, nothing happens but it was supposed to set the scene and let you 'empathise' with the characters, so I stuck it out only to find it a waste of time. The 'horror' was predictable, gratuitous, and I was waiting for the point! It finished (as a lot of these do) with a silly plot and then just 'fizzled' out.