I saw this film accidentally, with zero warning, so to speak. It looked as if it was interesting enough, so after watching the trailer and a bit of pondering, I decided to go and check it out. (Besides, I tend to enjoy watching bad films - I saw Uwe Boll's "Alone in the Dark" after reading all the bad reviews - so nothing could go wrong, right?) And yes, nothing went wrong, I actually quite enjoyed the film. Yes, it was a bit cheap and the (sparingly used) CGI weren't top quality, but that's quite understandable given the film's limited budget. The music was very nice, and the costumes were spot-on, with the orcs looking quite good. (Fun fact: There were more fantastic races in this film than there were humans.) Speaking about the races though, the film certainly reminds more of WarCraft III than of Tolkien, but it only "reminds", nothing more. We didn't see a lot of dwarfs, unfortunately. The story was reasonably good and the action scenes were abundant. I'd have loved more character development and more introduction to the world (the first 10-15 minutes of the film were mostly swordfights), but it works as it is. The film is gripping and interesting enough, and worth a watch. Just don't expect something too amazing. It seems to be based on a video game and I've heard rumours about other films (or TV series? I'm not certain, sorry) in the same universe, which I'd certainly give a shot to as well.
A solid 6/10 from me, but it's very near to the 7.
NB: Note that there is some blood and a bit of gore in this film, which some viewers might find displeasing.