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So this post is going to be fairly sort and sweet because I don't really have much to say on the subject.
Last night I saw Paranormal Activity and of course as a huge horror/thiller buff, I liked it regardless. I'm hopelessly biased. However, for all the hype it's gotten, I expected more. The idea of the story is genius: take a Blair Witch type of shoot to document a woman being tormented by a demon. The acting was good, I've seen better, but good. It was fairly easy to determine that this was, indeed, scripted. I also noticed (at least with the copy I had watched) that they didn't roll any credits as to solidify the fact that it was a real documentary - nice touch!
In all, great idea and although it won't be original, I predict a better version of this story (or a similar one) will be shot and released which I patiently await!