I didn't watch all of the review outside of the opening due to the fact that I would like to keep my own sanity intact. I personally never seen the E.T. movie we all love, but I would not want to taint my eyes before seeing it. So, view at your own risk and prepare to shake with fear at the sight of this crap!
Also, this is the first review I found from Cinema Snob that I posted, so enjoy his work.
http://thatguywiththeglasses.com/videolinks/224-cs/15636-tcs001