It's been years since I last saw the film and I still don't really know what I thought about it. For what it is, it's quite wonderful, but I don't really know if I think it's a good movie, per se!
The effects are top notch all the way, though. Perhaps, some of the very best in horror film history! I love Spinnell and Munro's performances and the sheer volume of NYC grit and grime make for a compelling experience.
Still, I do think there's gold in the concept and a new retelling could be pretty nice if they don't pussy out on us. Keep what worked...good performances, gritty atmosphere, stomach churning gore, a creepy score and then improve the rest!