I know I've discussed it with Snarfy before. I personally get some enjoyment out of its sheer incompetence, but as with so many of these "so bad it's good" movies you have to be willing to sit through an awful lot of dull moments, that are just coherent enough to not tumble on the side of absurd hilarity; and I also find that it is much better to watch a bad film along with a group of people than it is alone, since poking fun at the film while it plays is part of the amusement and you can't do that on your own. Plenty of alcohol is recommended too.
All this aside I can understand how the film can just play out as terrible for some, but what I cannot, under any means, understand is how someone may come out of this with their sense of irony and post-modernity so twisted that they may call it a legitimately *good*, let alone great, film. It's absolute rubbish and entertains only because one can laugh at it, never with it.
Of course, with the recent rise to fame of Neil Breen one has to wonder if Tommy Wiseau's reign of awful is at its end.