Words cannot express the awesome.
The "plot": the government is injecting students and faculty with a compound turning them into zombies, but something in the pool water renders the girls' swim team immune, so it's up to them to battle the undead in their swimwear, or sometimes naked. Of course.
Good stuff: thrash metal soundtrack, busty J-bunnies dressed in schoolgirl uniforms, chainsaws, ultimate ninja move - VAGINA BLAST! Plus the director had a great instinct for camera angles.
The bad: not available in Avatar-style IMAX 3D, probably because it looks like it was filmed on a budget of about $12.
The interesting thing is that it included fetishes more common to American film (e.g. lesbian sex) and eschewed fetishes more common in Japanese movies (e.g. urination). Maybe it's just a cultural oddity, but to me J-bunnies kissing = hot, whereas watching one wet herself = not so much.
Here are a couple of seriously not safe for work images: bunny! bunny!
Final rating: 4 out of 5 bunnies. (it's not Shindler's List, after all)
Foreign film is so classy.