The Monkey's Paw was written in 1902 by W. W. Jacobs, but if you didn't know that and you read the message board for this film, you'd be tempted to think it was originally a Simpsons or Goosebumps episode.
While so many iconic stories like the one Jacobs penned lend themselves to parody or adaptation, the writers of this version actually created something original - which is why, I would guess, the ratings here are so much lower than they should be.
Instead of giving us one more pass through of the "be careful what you wish for" scenario, the filmmakers take us in a different direction. Saying much more would ruin the story, so I'll only point out that it's not only the protagonist who suffers for his choices.
All aspects of this film are competent or better. The length is also very appropriate to the overall arc and pacing. I'll also mention that the connection to the original story is so subtle that many will miss it.
