I saw it today with fairly low expectations...I hadn't read the reviews but knew they were negative. I found the movie enjoyable if you're looking for a harmless, fun movie with eye candy and a typical story. It's not mind-blowing or revolutionary but you'd be naive to think it was. It was directed by Len Wiseman who also made Underworld 1 & 2 and Die Hard 4, so expect that kind of depth. I give it 3.5 stars.
Plenty of homages to the 1990 film, but I will state that I liked Schwarzenegger's better. And still believe that remakes of 80's and 90's movies are unnecessary (I'm looking at you Robocop 2013)