Dialogue/Acting was lame. There were a few good camera shots in there, and I thought the special effects were incredible. It was nice to see some of Lovecraft's ideas come to life (the giant space squid, for example). The hounds got boring after awhile, there should have been more variety with the evil creatures, and they were also total velociraptor ripoffs.
All in all, it could have been done way better. There was virtually nothing interesting about any of the characters, they were all walking, talking cliches, over and over again. To me, the dudes with the facemasks seemed like ripoffs from the guys in Jedi Knight 2, and the beginning WAS a huge ripoff of Wolfenstein (the architecture of the building, the overall lighting, nazis, as well as the strange similarity between the electric arm thing and the tesla gun).