It's not nearly as "so bad it's awesome" as SHARK ATTACK 3: MEGALODON, but it's still really entertaining and a solid pick for a beer & pizza night.
Also gotta give it props for actually having some practical shark effects instead of just relying on stock footage and crap-looking CGI. I mean, the sharkies look like they're made out of cardboard, but it's still cool that they built shit for real, you know?
Bonus points for the insane overuse of lion roar sound effects.