The first two "Scream" movies were clever, building great suspense while poking fun at other horror movies. This one attempts to wrap up the trilogy and remain as sharp as those entries, but falls a bit short. It gets too frantic near the end and tidies things up too neatly. But a worthwhile rent anyway. (as with many horror franchises, this one was resurrected in 2011 with a plan for 3 sequels, starting with "Scream 4")
Let's get this out right away: the animation in this movie sucks. It looks like animatics for a Pixar movie, or perhaps a video game. (In fact, at the way video games are evolving, most look better than this four-year-old movie.) Fortunately, the look of the movie is not the ONLY thing required for it to work. The story of "Hoodwinked" is mildly entertaining (and definitely owes more than a little to "Shrek", turning a popular fairy tale on its head). And the great voice cast gives a personality to the characters that the animation just can't match. Under the Pixar banner (or even DreamWorks), this could possibly have been a masterpiece. As it is, it's hard to look at, but still kind of fun. Two bones.