I certainly think so.
Truthfully, the movie wasn't even really about the monster.
It is similar to the movie Day After Tomorrow. There was sh*t constantly going on around everyone, but the focus of the story was more about the people surviving then the weather itself. Cloverfield is similar. This move isn't like Godzilla or Jason or Freddy Krueger, were the killer is the star and focus of the show and the humans are more liek supporting main characters. It's the other way around.
That is actually why I liked this movie so much. In the old Godzilla movies, they would show Godzilla tramping around through the city,fighting other monsters and tearing sh*t down, and there was always a bunch of people running away or out of the buildings. I personally didn't really care much about Godzilla or the monster he was fighting, or the small group of Military scientists never in harms way trying to kill the monster. Rather, I cared about those little people who were just going through there daily life when suddenly out of no where this sh*t happens. For every building he knocked over, there is always someone still in there doing something. I cared about those guys, and this movie was focused on those guys.
So, it all worked out great for me.
And is it just me, or did Lizzy Caplan really make this movie? She was, imo, the best character in the movie.