Bloody Good Time is what I consider one of my (albeit many) guilty pleasures. Do I recommend it? Well... sort of.
First and foremost, what all potential buyers need to realize is the game never really finished development, may as well be considered 'dead' in terms of the online play (though there are a few groups that do planned game nights), and is far from perfect.
That said, it can be a very enjoyable game to mess around with now and then, as it does have bots for singleplayer experiences. Is it the ultimate in difficult or varied gameplay? Absolutely not. Is it stunningly beautiful with some kind of mind blowing story? Hardly (though I'm quite partial to the graphical style). But CAN YOU HAVE FUN IN A UNIQUE ENVIRONMENT AND EXPERIENCE? YES.
I think most folks that bought BGT initially were expecting a much more expanded experience from the developer's previous game: The Ship. However, the development was prematurely ended. They had *no chance* to make this a game that would meet expectations, so complaints about that should be summarily tossed out in my opinion.
What the game DID end up providing was a framework that is fun to play, unique to experience, and a base of inspiration for future developers.
So here's the low-down:
Pretty good (I'm a huge fan of the style, personally, but I'm kind of weird :P). Nicely stylized and well-themed. Not AAA standard, but who cares about that nonsense.
Another "pretty good". Not a lot to say here, as it's a pretty straight forward game that doesn't have a whole lot of chances to show its chops.
I REALLY like the gameplay, and while it could have definitely been expanded upon, the version available isn't all that shabby. There is a good amount of weapon variety, map layouts, environmental traps, game modes, etc. Certainly not infinite potential, but a fair amount (depending on price). The bots aren't exactly the smartest AI in the world, but if you intentionally prevent yourself from exploiting their shortcomings they can be quite fun.
This is kind of a toss-up. It really depends on how you play and how much you exploit mechanics that will *never* be fixed. Basically: you can have as much fun as you allow yourself to have... if you get greedy and elitist, you'll find that fun-factor and difficulty plummeting quite quickly.
Again, the game is 'dead'.... but if you have friends at a LAN party or whatever, this can be an absolute blast to play. Just don't expect to find any random pick-up games outside of dedicated Steam Groups that hold organized game nights.
Overall I'd say the game is fairly good if you're looking for something new and interesting to mess around with now and then. If you have friends that you can play with, the game can be freakin fantastic.. but bot play will work in the short term (though will definitely get tiring after awhile). But hey, depending on the price it may be worth it for something you can install and play a few hours every now and then (like I do).
Is "The Ship" better? Yeah, most likely... but BGT is quite a bit different in theme and style, so it's hard to compare. If you want the ultimate in 'murder party' experiences, go with The Ship... if you want a more deathmatch-y, ridiculous setup go with BGT (or just go with both and have all your desires satisfied).
This review makes me wish Steam had a "sort of" recommendation option, because it really is kind of a 50/50 chance that you'll enjoy it.