Good points about "8mm", VIPCO: I'd still rate it slightly better, but that's mostly due to a cracking script by Andrew Kevin Walker, which even Joel Schumacher can't fully screw up, and the before mentioned snuff movie scene. Joaquin Phoenix is also quite good in it...I only wish Sony had the balls to release the unrated version one day. This could apparently make quite a difference for the movie.
I'm not a fan of the original "April Fool's Day", so- slasher complettist that I am- I'm looking forward to grabbing the remake quite soon.