Decided to check out this:
2h 13m | R
www.imdb.com
I thought it would have been a bad idea to try and remake an Arnold movie, and yeah it was. They tried to make it more like the book, which the 87 version was only loosely based on. But doing so didn't really help it. It's not a terribly bad movie, it has it's moments, but right from the get go something was off. The whole tone/vibe is all over the place. The lead tries, but can't pull it off. I'm not sure why movies today can't do some of the basics, like intro's, characters, and some semblance of cohesion.
After that I re-watched the 87 version, way more fun, yeah it has 80's camp but it all works. Not much is missing.