I just watched the Evil Dead remake at a theater with a bunch of friends, and it definitely wasn't as bad as some comments/reviews have made it seem. Most of us old time horror fans though it was actually pretty good on its own, although I personally disliked the ending, and the ED2 type of wisecracks, and I would have wished more silent parts. Sometimes silence serves the atmosphere better, than constantly playing loud music. To sum it up, too much emphasis on gore and fuck this and that, and too little atmosphere, but it still managed to shine when compared to today's horror offerings.
It was nice to see references to the original, like the rusty carcass of old DeSoto in the beginning. (EDIT: Oldsmobile Delta 88, shows how good I know cars. =P) The scene after the end credits was a bit foreboding regarding what unwelcome direction the possible sequel could be heading.
What I don't get is people who come to smooch into the theater, especially when this kind of film is being played. I had enough, when they were talking and giggling loudly, and just had to shout, "Shut the fuck up!", which took care of that nuisance.
EDIT: In restrospect, I think humanizing the possessed is perhaps the biggest mistake in the ED remake, and the older sequels. The same goes for REC2 as well. The more you humanize the villains, the less scary they are. The first ones of both series work so well, because the possessed are far removed from humane characteristics, which also makes them less comical.
And I don't think The Exorcist incluences were that good addition.