This really should've been put in the Official Video Topic, but since you're new I'm guessing you weren't aware of that, so I'll let it slide.
Spoilers ahead
The fan film was quite good overall, the effects were well done, & it really did seem as though quite alot of thought went into it. My only real criticism is that the fight between the predator & terminator itself was fairly short. The ending though was quite good, & definitely made up for it. The way the film tied into the storyline of the Terminator movies was quite interesting as well, & definitely deserves a mention, although there was no real explanation as to why the predator was there. Overall, it still wasn't as good as Batman: Dead End, but it's one of the better predator fan films out there.
End of spoilers
For anyone who wants to watch it without the long download, here is the link to it on Youtube, as well as a bonus "making of" film:
Part 1
Part 2
Part 3
The Storm: The Making of The Calm