I saw the American one. Overall, the ending was definitely a let down, it was more the little girl being the source of all evil that creeped me out. And when she was climbing out of the well, and out of the TV screen... *shudders* I get creeped out by horror films really easily.

But definitely, there was no point to the whole thing. I expected an ending with an explanaiton. All I got was half sentences, a lots of implicit explanations, and unsatisfaction at the ending. However, I can see why it was such a big hit with most people. I just don't agree with them ^_^

The point of horror movies is to be scared by them, if that fails then laughing at the really silly bits is acceptable ^^