Hammer it aint, but Subspecies is an effective vampire movie. What the leading ladies lack in acting skills they make up in hotness. The creature effects (Radu's little helpers) are crude, even by the standards of the time, but seem quaintly charming now. Anders Hove, as Radu, is what really makes the movie. He's a monster and he doesn't just know it; he revels in it.
There's a little bit of blood, a little bit of skin, a little bit of action, a little bit of romance and a lot of atmosphere. The movie greatly benefits from the Romanian locations. Subspecies was the start of a pretty good franchise for Full Moon.