Sure this'll be a great movie, but it's a remake, with a plot nearly as old and well-worn as popular cinema itself. We know the story. We know the characters. We know the ending. Only difference between this and "Rings", is that nobody really wanted this one. I expect it'll do really well, but after what's gone before from PJ, you can't help feeling a little underwhelmed.
Personally, I'd like to see another venture into bad taste twisted horror. Come on, Peter... you know you've got one more in you...
Incidentally, if I'm not mistaken, wasn't the original "Kong" Adolf Hitler's favourite movie?