I wouldn't go so far as to call it third rate. It's not earth shatteringly awesome by any means, but I fooled with it some more today and I'm enjoying it. By the time it's all over, I might get tired of all the jumping, but so far... it's a good time killer until the next "OMFG you have to play this game!" game comes out.
Seeings as it's built on the unreal engine, I'm hoping for modding abilities in the future.