This remake tones things down for a more teen-friendly spookfest, which might have been OK if it had been spooky. Unfortunately you'll find more scares in a Scooby-Doo episode. The opening sequence removes much of the mystery by showing us the backstory to Antonio Bay straight away. Among the cast, only Selma Blair seems to be trying hard, but she just doesn't have Adrienne Barbeau's presence. Changes to the story don't work at all, especially the final moments involving Maggie Grace's story. The film ends on a whimper instead of a bang. Although this maybe a blessing, as a PG-13-friendly version of the shock ending of the original would probably only further the contempt many feel towards this flick. Probably the biggest flaw though is the sense of blandness throughout the film's running time. Scenes that worked well in the original come off as poorly staged in the remake.
For good value for money, just watch (or rewatch) the original.
For good value for money, just watch (or rewatch) the original.