While this movie is not at the top of the list for the current surge of America remaking Japanese horrors, it isn't as bad as some reviewers make out.
If you haven't seen the original you may get a kick out of it. It's teenager acting and predictable happenings (This is what the Americans do, if you watch the Japanese version, they are the masters of not letting on to what is about to happen, that's why people think they are weird.) bring this film down a notch, the best remakes I think are still ‘the ring’ and maybe ‘the grudge’. Even those don't touch the originals.
I must say though, the effects aren't too shabby!