The folks at Io9.com have a list of their top ten moments in found footage horror films. Try to ignore the image with the article…I think they thought that was scary, but if you ask me, it looks like a KISS groupie who forgot to take her makeup off before she went to bed.
The ten films they include are: Diary of the Dead, The Fourth Kind, Grave Encounters, Paranormal Activity 2, Troll Hunter, Cloverfield, REC, The Last Exorcism, Paranormal Activity and The Blair Witch Project. Conspicuously missing are Paranormal Entity (the much superior “mockbuster” version of Paranormal Activity) and it’s “sequel,” 8213 Gacy House.
Perhaps they’re simply unaware of these films. I could also include Death of a Ghost Hunter (but it was an awful movie) and Annelisa: The Exorcism Tapes (also awful, but the actress who played the titular Annelisa was good). In any event, I can say I disagree with some of their choices.