There isn't a hell of a lot of decent horror stuff coming out of Hollywood anymore. Mostly I like tha asian stuff a lot better. Ju-on as has been mentioned is quite good. I thought it was better than the original Japanese Ringu. There's also some good stuff coming out of Hong Kong and Korea.
And of course Italy cranks out a lot of good hooror stuff.
If you have a good newsserver provider check out alt.binaries.dvd.asian and alt.binaries.dvd.midnightmovies .
For a good website to find Euro movies try
http://www.xploitedcinema.com/
And for asian flicks try
http://www.hkflix.com/home.asp
HKFlix is also a good place to find uncut versions of a lot of the Euro movies. And most of their dvds are ntsc so all you need is a region free dvd player. If you do a little searching on Google you can find instructions on making most dvd players region free and can sometimes find new firmware to install on your player. Just make sure that it lists english subtitles or audio for the disc.
A lot of what Xploited Cinema sells is in pal format which can be played easily on a computer but need hardware that most dvd players here don't have to be able to watch them properly. It is possible to get a dvd player with a pal to ntsc converter but they aren't that common.