Finally saw it this week. I've seen the original (twice, theatrical release only both times, and it was about 15 years ago, so I'm a bit fuzzy on the original).
I was spell-bound for the entire three hours. Visually stunning, the soundtrack is amazing and intense, and the performances were absolutely fantastic. Possible consideration for inclusion in my top 10 favorite movies (although the fact that it fails the Bechdel test is my one niggling issue).