There is a time and a place for such chaotic camera movement, most of which isn't present when it is used.
As a general rule of thumb using a camera which is meant to make the audience feel more like they are involved is only good in media where the audience is ACTUALLY involved. Which is videogames and not movies. Certain videogames can do it well if the chaotic movement of the camera is done well in such a way that the player feels more involved. But when the audience simply sit down to watch something for a few hours throwing in a blurry shaking camera isn't going to make anyone feel any more involved with the shit film.