Let's be honest here: how many people looked at this movie, saw that it stars Michael Madsen and a rapper, and thought to themselves, "Well, Michael Madsen is a discerning gentleman who would never lead me astray. I shall endeavor to watch this unknown masterpiece posthaste!" Give me a break. It's a low budget, direct-to-video vampire movie. I don't know what people were expecting. Of course it's a bad movie. But it's clearly not the "worst movie ever made". I'm not sure which movie deserves that honor, but once you've sat through a dozen Troma movies, you can start talking about "worst movie ever". Until then, you don't have the right.
I was having trouble staying awake near the end of the movie, but I did make it. For that, I award three stars. I think it would be great fun to watch The Bleeding with Vin Diesel, if just to hear what Vin says about the cheesy wannabe in this movie.