I quite liked it!
Yes: its silly, badly acted and weakly plotted, but so what?
If you genuinly love cheesy b-movies then the Witchcraft series should be right up your street.
Go watch them all!
And while you at it go and watch these titles listed below:
Demonsoul
Pervirella
Razor Blade Smile
Cradle Of Fear
Sacred Flesh
And any movies directed by Ted V. Mikels