Ok I saw this, thought it was ok - the camera was ANNOYING - FAR too shakey it actually did make you feel queezy and my eyes hurt by the end. I know why they did it but you should not be in phyiscal discomfort simply for cinematic effect.
Secondly, I'll buy the monster story expect for the ridiculous failure of both geography and geology.
Observe:
1. Satellite piece is seen falling into ocean at Coney Island? This would be very easy to find, it would likely wash up on to shore. WHY oh WHY are they looking for the debris in the Mid-Atlantic ridge? This is ridiculous. You can see the debris falling just offshore... yet they decide to look in the MAR which is AT LEAST 2-2500km from the E. Coast of the US. Yes, that was
2000 km away.... why?
2. The monster is "buried in extreme depths and pressures" - the ridge isn't actually that deep... only say 2.5 - 5km deep on average? I think the deepst part (the only bit that could possibly touch 5 miles is at least as far south as the equator.... no where near New York. Not even close.
Therefore, why does the monster suddenly jump up in Manhattan? why not long island? florida? South America? EUROPE? Why? Because CGI can make the Empire State building and Cryler B. get knocked over really cool. As if New Yorkers didn't already have terrorists to worry about!
Why not make the monster come from somewhere REALLY deep... like the
Marianas Trench or any Subduction zone Ocean Trench? Here we are talking about depths of 10,000m and they can happily destroy Tokyo instead and keep me a lot happier.
Also, the monster would not likely be buried for so long at the M.A.R because it is a spreading centre moving at around 2.5cm per year.... The buried monster would be moving away from the ridge at say 25km per million years - even if it doesn't get woken up by earthquakes and volcanism!
Lastly, those little alien things annoyed the crap outta me - why did you're guts blow up when you get bitten? At least explain that for god's sake - they had the perfect opportunity when the army guy was showing them the way out. ARGH.
Overall... annoying. And sore eyes. But good idea and good effects. Just think more next time.