I saw the original version in Japanese about 3 years ago and I almost shat my pants...even more than I did when I saw the The Ringu. I just hope the American version is just as good.
The author of both novels has a fetish with young kids and water, I think.
I really did not like it. It wasn't scary to me (although the Ring is still terrifying...I'm kind of a big scaredy cat), but the acting was great. I felt like I sat through this big long movie with no payoff, little character development, and storylines that didn't go anywhere. It made me have to pee (all that WATER!!) and it was like the non-scary horror movie that would never end!
But I'm glad other people enjoyed it. Liking a movie is always good, considering the amount of crap that gets put out there.