You can get the gist of the show by it's title: Yami Shibai - Japanese Ghost Stories. The episodes are no longer than four minutes and always self contained. Most of them come down to your typical J-horror setup/sequences. Like many short shows the budget for these is small. The way they handle it here is employing a picture-story style with little animation which works for me.
Horror seems to be one of the hardest things to do in animation or at least I don't really know of something scary in the field (that is not going the cruel/gore route à la Corpse Party). Some of the episodes are fun to watch for the creepy vibe but there are also weak ones among them. I'd say if you like J-horror and got some minutes to spare you will enjoy it.
(The two ED's so far have been great btw., I really like the dark/distorted vocaloid songs.)