How bad is it? It's a by-the-numbers monster flick.
Should you see it? If you're desperate for one more giant bug movie, maybe.
Note: this is NOT the documentary "Bugs!" from the same year, but a SyFy original, much like Infestation (2009), Deadly Swarm (2003), Black Swarm (2005), Insecticidal (2005) or just about any other giant bug movie. What this one has is Antonio Sabato Jr. and Angie Everhart, neither of whom are noted for their thespian quality. The plot, characters and even set design were heavily borrowed from the "Alien" series, including using a forklift at the end much like Ripley in her exoskeleton; it's almost fun to spot the references. The usual corporate slimeball character appears and his acting is the worst of the cast. The film's plot: excavation unleashes prehistoric giant bugs, which terrorize and must be killed (sounds familiar). The CGI is poor, but this is about on par with most SyFy films.