A decent anthology, notable for its few worthwhile stories. These would include contributions from Don D'Ammassa, Dennis Etchison, Bentley Little, and David Herter (a very eerie, circular tale), with particular mention to the two standout entries (both of them longer novellas, for what it's worth) from William Browning Spencer and Peter Straub.
Despite the Monteleones' self-satisfied editorial attitude, there's a poor hit ratio here, including some stories specifically of the 'low tone' the editors decry, and one story that's literally unreadable; and while there's a lot of new names in here, many of them vanish into obscurity soon after.