It's no Battle Royale and if you haven't read that yet, you should go read that instead. It was just ok.
I read this in 1 evening on a long train ride and it kept my interest until the end, but I wasn't very impressed by the ending.
The characters are mostly forgettable, which means I didn't really care much when they died, the foreshadowing of the true villain isn't very well done but somehow also predictable.
I sound very negative, but I did read the whole thing and I would say I enjoyed it, just as a kind of lower quality, trashy, murder survival game that is nice if you are fan of the genre and don't want to think very much.