More entertaining than Evil dead 2
personally speaking
1 was scary as fuck
2 was entertaining and scary
3 was just a fun ride
I rather see it this way, myself:
1. Category: horror. It tried to be genuinely scary, but failed miserably (it's just bad, bad, bad)
2. Category: horror/comedy. It still attempted to be scary (and continued to fail at that), but the comedy elements worked after a fashion.
3. Category: action/comedy. By this point they had stopped even trying to be scary. They decided to make a medieval slapstick fest instead.