A lot of people seem to hate this flick URBAN LEGENDS:FINAL CUT, but I don't. It's an interesting, solid sequel to the original URBAN LEGEND, a nifty whodunit/slasher/horror flick w/ the twist of the killer dispatching his victims based on urban legends. Interestingly, this 'sequel' really has no connection to the first except for the re-appearance of one of the characters from the original who survived the killings. This might be where this sequel partially screws up. There is a contingent that believes the original flick was really just an urban legend wrapped within an urban legend as the ending might imply. By having one of the characters from the first one in this one, it makes it seem as though the stuff in the first one really did happen making it just a standard horror flick.
In any event, FINAL CUT is very watchable IMHO. The main thing it has going for it is the tip of the hat to Alfred Hitchcock in it's tone, presentation, and references. The film is set at a film institute where students aspire to be filmmakers (directors, writers, actors, editors, camera operators, etc.) and the prize they are all trying to win is the aptly named 'Hitchcock Award'. The front-running student is Travis Stark (played by Matthew Davis), but upon getting a grade of C on his final project, he apparently commits suicide thinking his career as a filmmaker will never get off the ground.
The lead character is Amy Mayfield (fresh, young Jennifer Morrison), whose father was a famous filmmaker. Amy has a lot to live up to and feels the weight of her dad's fame. She is a very likable, identifiable character which I found refreshing. She really keeps you involved. Similar to the first film, all these killings are occurring, but only Amy believes they are happening.
EVERYONE else seems to have a logical explanation for it, as in the first one. But this sequel, to me, does good job of combining those Hitchcock elements of involving the audience in the story as well as the fear of the unknown; there's actually a scene in the film where a bunch of students are watching film of a girl die, not realizing that she was really being murdered; this scene is really good. Then there are the direct homages to Hitchcock w/ scenes reminiscent of some of his most famous films (THE BIRDS, VERTIGO, PSYCHO, etc.).
I also really like Amy's film crew and group of friends, who are very funny and engaging. They include Graham (Joey Lawrence), Vanessa (Eva Mendes), Toby (Anson Mount), Stan (Anthony Anderson), Sandra (Jessica Cauffiel), and Simon (Marco Hoffschneider). They all seem like a tight-knit group and the acting in this film is much better than in many such type films.
Not the greatest horror flick, but not even close to the worst. I recommend it.