I'm sure that I've seen at least one of the Puppet Master films... or perhaps it was the Demonic Toys crossover film... Either way, you're going to have bear with me as I go through these films, because I've not seen them before, and I've heard that the timeline of the series is all kinds of jumbled up. So far, my impression of this first film is not really that great.
The film rightly has a dose of comedy in it, but it is careful about not going too far. There are a lot of exaggerated or comedic sound effects having to do with the puppets and the sounds they make. None of them actually talk, but they do make funny little grunting and squeaking noises - plus there was that part where the little "plop" sound effect was used when Pinhead's head was removed. The deaths that the puppets inflict are equally gross and funny, too, so that keeps up the comedic undertone. But that's sadly the only thing interesting about any of the death scenes, because they are pretty tame, and most of them are not even shown.
As for the human characters who are the victims of these boring deaths... well, they suck. They're all either really annoying or really uninteresting, and the acting isn't that much better either. And since no one would watch a Puppet Master movie for the riveting character drama anyway, we can just leave it at that.
It's not a particularly stellar start to the Puppet Master series, but I do still have hope that these pint-sized freaks will eventually bring me something truly entertaining in future installments. One down, nine to go... let's do this!