I have no idea what The Asylum is, but damned if I didn't laugh my ass off as well. Wasn't that the point? Is this really not a spoof of disaster movies? Please don't tell me that...
I'm in the process of writing a feature about these guys. I have a great interview with their VFX supervisor. He's a really nice dude and actually pretty competent FX guy, they just have tight budgets and even tighter shooting/post schedules.
I'd be interested to know how they still make a profit now that video stores are gone. People would already have their money forked over by the time they realized they picked the wrong movie. Now people just click out of it on Netflix.
Who actually enjoys these? The trailers and fact that they exist are more entertaining than the movies themselves.