The wry sexual tension of the 1976 was amusing and about the only good thing about the film. The special effects were creaky and Jackson now has a team to rival any for CGI effects. I could see Jack Black playing the Carl Denham character straight so it could turn out to be inspired casting. There's been four remakes, incidentally, including a cartoon series:
http://www.imdb.com/find?tt=on;mx=20;q=King%20Kong
This is going to have a lot to do with the script. If there is some really good wry humor in the mix but Jackson is able to recreate in color the almost metaphysical mystery of the original. But, isn't the suspense pretty much wrung out of the story?
We know one thing, Kong will likely be back to climbing the Empire State again.