Saw this at the cinema and picked up the Blu-Ray yesterday. I have to say, I'm shocked to see that so many people think this is on par with the original.
In my opinion it is about as weak as the third installment and has some equally hammy acting, matching Parker Poseys in Scream 3.
Storywise, it isn't bad - until the end. I found the twist ok, but from then on, it all gets a bit silly. Also, there isn't enough chilling phonecalls from Ghostface taunting his victims - the only one worth any credit is when he calls from the closet early in the film.
Marley Shelton is terrible as she constantly overacts and even David Arquette loses all his charm as Dewy, that he had in the first three chapters.
It could have been a great film, but its a shame parts of it seem wasted. It has its moments, but stops short of living up to Scream and Scream 2.
The DVD and Blu-Ray releases are completely barebones in terms of special features, apart from a trailer. Think this was a rushed job to make up for poor cinema takings upon release. I dare say they will release a special collectors edition soon enough complete with the three previous films.
I'd wait to see if that ever surfaces...