I was the Japanese version of Ring several months ago - it was fantastic, and very scary. This review indicates that the US version is much the same. I'm still trying to decide if I want to put myself through it...
Stick with the original. Watching a direct remake would force you to compare it to the original while you're watching it and might take you out of the film. The only thing that'd bring me to the U.S one is seeing what they did with Sadakos video. I've heard it's interesting. :)
I haven't checked your link yet, but I've read the one on chud.com and Eberts (negative) review. Have you got a link to the video? (and any idea how big it is?)
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I fancy seeing the film just to see the differences, to be honest.
Oh, and did you look at the review?
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Penny Arcade's news section a few days ago had the link, you'll probably be able to find it fairly easily.
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Meanwhile, I'm not sure when and if I'll go to sleep tonight. o_o