Similar to Heroes, the plot involves teenagers who suddenly discover that they have superpowers. As such, they play pranks on hapless bystanders...of course something goes terribly wrong. It has all the makings of a bad scifi teen dream.
In addition to Cloverfield, it reminds me of another underrated scifi film, Monsters. Hopefully Chronicle is more like Cloverfield and Monsters, and less like Paranormal Activity. This one could go either way. Chronicle releases on February 3rd. Check out the trailer.