I watched
The Dead a couple of nights ago as there had been some talk of it by some old horror freaks I know, but I am not quite sure what to rate it.
As a film it really didn't do much but there are parts of it that are unforgettable, especially the zombie with the fantastically weird leg. There were also some bits where I couldn't quite see the seams in the special effects, like when cars mowed people down - it almost looked like a snuff film.
If you like horror no matter the budget, then you may well like this even though it does not look cheap or badly made, you just have to be aware that it does not differ from most zombie movies in as much as it is just a lot of zombos munching flesh.