We saw this on SciFi Channel.
It was clearly so low budget that it became part of the fun. We saved it and watched it late at night, mainly yelling back at the television.
The odd thing was that the first half hour was actually pretty good. There was some good suspense as the lead character and Shapeshifter gets introduced, but then the film got bogged down.
All the kills were pretty obvious and the gore was less realistic and more exaggerated, almost as if the filmmakers were just having fun with it. I'm not sure the style would be very satisfying to hard core horror fans.
The best part was actually the beast, the old "man in a rubber suit," more more fun and way more campy than a computer made monster. It has that old fifties creature feature vibe.
There are a few cool scenes - the kill with the old guy by the door, the scenes in the catwalks etc. The actors vary from pretty good (Marcoux, Ginny ) to somewhat amateur.