The main thing that distinguishes this from today's crop of corn is that it's so clean and shiny.
If everything was shot in muddy light, on a set that looked like the Statue of Liberty's colonoscopy, if the players knew martial arts, bodies were torn, and the fashions were current, this could be as popular as the Saw franchise.
Stupid? Immensely!
At least you don't feel like you're watching the fever dream of a latent serial killer.