Honestly, I thought the original was pretty bad... It's a great story concept, it just didn't seem to pan out. After I read the reviews for the newer version, all relatively bad, I just have had no interest in seeing it.
On a similar note, I bought the Tom Cruise edition of War of the Worlds on dvd for $5. It was ok at best. I picked it up because of the lfe I had heard about and considering rentals were only $0.50 less, I decided to buy it. For the price I am happy with the cost/benefit ratio but really wouldn't do the same for Poseidon. I don't need another lfe movie that I'll only use to show off my system. One of my friends already gave me U571, it is way better with a decent sub, but again, not a good movie, IMO.
Jack