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No, devil's rejects WAS very critically acclaimed, and it didn't really make any money in the box office (though it probably did on dvd). This is a fact. I didn't know that he was approached to do this, though; I figured it was some kind of dream project of his or something.
Judging from the footage I've seen, it does look very very bad. My friend saw a trailer for it and Halloween is his all time favorite horror film and he also said it looked like shit, and the general feeling is that it's going to be awful. I have no hope for it. So, when I go and see it, I may be surprised.. always a good thing.
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