To add to my former post....
My problem with this movie is:
*I hate the shaky camera presentation. I appreciate what it is supposed to accomplish, but is irritating to watch, nonetheless.
*It had no plot...just action. So if you're into action for action sake, this is your movie. It had no story other than people running from a monster you can't see well and have no clue about. The director's explanation of it being a lost baby reacting to a violent/strange environment was baloney and was not expressed by the movie. A plotless flick does not rank high on my interest guage.
*It did not develop the characters at all. I had no interest in any of them because they were nothing but props for the action.
So ... there really is no story behind Cloverfield. It is fun action, but how can you grade a movie very high when it lacks so much that others (LOTR, SW, etc.) have as well as great action, CG, and audio?!