Meh.
I'm disgusted... You took a classic children's tale and defaced it. The drawings weren't as good as everyone says they are, but the animation was excellent.
There are many negative points to what you've done, but there are some positive points as well. The story was more realistic in that the good guys don't win. You certainly achieved what you obviously aimed to make the viewer feel. I can tell this was done with care and time. Excellent atmosphere - dark, mysterious, and well... Evil.
You did an okay job on the characters... Red riding hood's head looked odd from the side view. A bit misshapen... The hunter was well done. What the hell is the wolf supposed to be exactly?
Audio was alright. It did the job.
In short, it was sick, twisted, and in its' own way, brilliant.