I must be going soft in my old age, because i actually thought it looked ok.
Considering what i expected, it looks watchable.

The ghosts looked reasonable to me.
I love the original, saw it at the cinema as a kid, but i think the sequel was shite.

So in my opinion if it's more entertaining than the sequel then they've done a reasonable job.
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MIKE: I've got it! Peter Cushing! We've got to drive a stake through his heart!
VYVYAN: Great! I'll get the car!
NEIL: I'll get a cushion.