Was never a fan of the original. People praise it to high heaven, but aside from Savini's effects work, I didn't think it was that great. I'm all for a remake, especially if Aja is involved.
Elijah Wood is an interesting choice. I know people see him as Frodo or the quirky guy, but he's done a lot more than that, and I think he might end up surprising everybody who doubts he can pull off a role like this.
Oh yeah, and saying American cinema is dead is kind of snobbish, don't you think? Makes it sound like the rest of the world is only putting out golden nuggets of celluloid, which is definitely not the case.