I saw the new Godzilla over the holidays. I thought I should try it at the cinema because you probably need to see it on the big screen to get the full impact. Well... it was OK. Godzilla looked good, the fights were cool and the tension was nicely done. However you don't get to see the big man for the first hour of the movie and it is a bit too Hollywood (I would have liked to have seen more Japanese people involved in the creation, as it is a quintessentially Japanese concept).
Not as bad as the last one, but not super awesome. Check it out if you are a kaiju fan. Otherwise don't worry about it.