1) Image quality as good as a cheap camera bought at Wallmart, check
2) Bad cameraman on drugs and/or having parkinson, check
3) Bad actors who act fake, check
4) Lame script and boring dialogs written by a teenager, check
5) Too much lightning for interiors scenes, check
6) Boring main female character we don't care about until she get nude, check
7) Porn sequences in the middle of a bunch of sharks, uncheck 
Well no Open Water is not a porn movie but it's very close. Add a couple of sexually explicits sequences and you got a porn movie. Honestly after 10 minutes i did stop the DVD to be sure i was really watching Open Water and not a porn movie someone would have replaced Open Water with. This is definately in my top 100 most overrated movie of all times..