I finally saw it and it totally rocked. I hate to say it, but I think it was just as good as the original.
Sarah Polley and Ving Rhames rocked, as usual. It's one of very few horror movies that actually brought a tear to my eye; there were some heartbreaking moments.
Having said that, I wouldn't advise seeing it if you have a weak stomach. It was much gorier than the original. Some of it was nauseating.
I'm shocked that they got an R rating. Valenti must not give a **** now that he's retiring.