How bad is it? Even for low-budget regional filmmaking, this sucks.
Should you see it? Not really.
There's supposedly another film with this title that came out in 2013 and this film was originally called "Hostages." This North Carolina obscurity, using local talent (mostly news people, I think) was released by Something Weird Video and reviewed by Bleeding Skull, so I thought I'd give it a watch. The plot: a maniac escapes from an asylum and goes on a spree; the rest is police procedural and there's no connection to the original Son of Sam killings. There's a lot of sloppy camera work, with freeze frames and slow motion and only the killer's eye being seen until the end. At the end, there's a helicopter pursuit, a SWAT team and a plea from the killer's mother to him to give himself up (this after a lifetime of abusing him), which gets him killed. One song gets played repeatedly.