I ended up liking this movie. I liked the spooky atmosphere and the acting from the lead characters the most. It is a loose retelling of the Roanoke colony disappearance and introduces some Viking mystical mumbo-jumbo to the legend.
Adrian Paul does a really good job as the leader of the colony. The other actors in supporting roles seemed to take this movie seriously, which doesn't happen in a lot of Sci-Fi channel movies.
The monster effects aren't the best. They don't really look scary. Also, a few writing choices didn't make sense. The most notable choices were when characters would seemingly just wander off to chase ghosts or fight with natives.
Overall, I recommend this movie.