I have mixed feelings on all this. On one hand, cheesy special effects are exactly what none of us wanted. We wanted the old-school feel for a new generation. I don't think we'll be getting that.
On the other hand, the addition of Hulk Hogan automatically makes this a must-watch. This has major potential; both good potential and trainwreck potential. I'm definitely in, whether the end result turns out to be good or not.
Well, if you're the type who prefers to open his presents Christmas Eve instead of Christmas Morning . . . (spoiler text) EDITed twice by me: Once to take the link out so it won't show through the spoiler, once because I cain't spelt gud.