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It's amazing how well the original movie holds up. I think jokerdas said it best - explosions, snappy one-liners (oh my god the one liners are fantastic), great action and a surprising amount of blood and baddies. There was the perfect balance of camp and gore.
When I first heard the Colin Farrell remake was coming out, my immediate reaction was aversion. After seeing the trailers, I'm encouraged by the quality of the special effects but I don't think Colin Farrell will be quite as entertaining as Arnold Schwatzenegger.
I read one article about the new version that said they aren't spending as much time on Mars, which I've heard is more faithful to the source material (which I've never read) but would be an awful shame if it were true. I really like the baddies they've casted but I think having Quiad's wife and love interest basically look like the same person is a mistake (sorry I cannot tell Jessica Biel and Kate Beckinsale apart).
At any rate, I bought a shirt with three boobs on it to wear to the movie and I am hoping for the best with this remake!