Couldn't make less sense if they tried. (This review probably doesn't contain any spoilers worth mentioning, though.)
Well, let's see what we've got here...
Take a few plot elements stolen from The Ring/Ringu, an incomprehensible story of a little girl who died due to some sort of medical condition or malpractice and now lives inside the wires of the internet looking to exact revenge on the doctor who now happens to run a website where you can watch people get killed (or was it the site that kills, or both?), a hint of fetish porn, a load of I-took-too-many-psychedelic-drugs special effects (well, "effects" is a big word, they're more like lots of flashes, shifting and blurring combined with a bunch of noise), a cop and a doctor trying to find out what in the world is going on, put them all in a blender, mix them up for a couple of minutes, and you've got something that resembles this movie.
Did that make sense to you? No? Not surprising, given the fact that the plot of this movie is rather incomprehensible and flies off in every direction, a fact which the creators further try to obscure by means of the effects I mentioned earlier. I even have to wonder whether I explained this right, as the events are often rather disjointed. I added a spoiler flag for good measure to go with my attempt to explain a few of the plot twists, but I don't think it really matters. I kept wondering whether there was any way that the story could redeem itself, a bit like a train wreck from which you can't look away. In that sense this movie proves its own point somewhat, if there was any, and I suppose that will remain its only merit. However, by the time your reach the scene that is supposed to be the big showdown, where our hero saves the day by performing yet another nonsensical act, you've given up trying to explain all of this and just go "Yeah, whatever..."
I suggest that if you do attempt to sit through this one, you find something else to do in the meantime, like a crossword puzzle or a Sudoku, because here's one movie that definitely does not deserve your undivided attention.