No, it is not a good movie. Not by any appreciable stretch of the imagination, and let's make it crystal clear that the 40-some extra seconds of mild gore that were tossed back into this "unrated" version do nothing to make it a scarier, creepier, or more logical experience. CRY_WOLF is just another Dawson-ized semi-horror flick coasting by on photogenic stars, painfully familiar plot threads, and a whole lot of screenplay jibber-jabber.
With a tighter, craftier, and less insipid screenplay, Wadlow could probably make a half-decent name for himself in the horror biz. For all its hateful characters, generic trappings, and stupid twists, CRY_WOLF certainly looks pretty damn slick, but the visual side is perpetually torpedoed by a narrative that ranges from mildly uninteresting to interminably boring before, in the final frames, settling on GimmeABreak-ism.
You'll also find a generous block of deleted, extended and alternate scenes that come with optional filmmaker commentary, all of which were clearly snipped (or recut) for good reason.
Featurette-wise, we have the 14-minute Wolves, Sheep and Shepherds: Casting the Roles and the 12.5-minute Behind the Scenes: Enter the Sinister Set. The first is a collection of screen test-ish footage that comes with optional commentary, while the latter is your standard surface-deep behind-the-scenes gush-fest full of brief interview segments, production tidbits, and lots of clips from the movie you just watched.
The finest goodie on the disc, by far, comes under the heading of Before They Cried Wolf: The Filmmakers' Short Films. There you'll find two shorts, TOWER OF BABBLE & MANUAL LABOR, both of which are considerably more exciting than CRY_WOLF is.