More like Para-BORE-mal Activity! Saw this last night and it was just alright. I will be spoiler-free but it is very much in the vein of Blair Witch but somehow less "real" feeling. Still fun to watch but seriously, quotes they have in the trailers about people being SO scared, that's just shady marketing, it has to be. Or our world is full of a bunch of fat babies.
Note: I watched a copy of the DVD screener which is the version from about a year ago (the movie is from 2007.) It has a different ending than the one in theaters now. After I watched, I looked up the different endings and maybe my ending is better than the new one. I don't know.
It's fine, but I think this new Alien movie coming out, 4th Kind or something, looks scarier.