Ok so now that I've had a day to sit back and take in what I've seen, I can still say that I'm honestly pissed off about it.
The positives that I noticed is that they are returning to making it scary. The original was scary. The problem is that most people now have seen it well after the technology has advanced in terms of movie making. When Raimi & Co started making the first one, they were doing it on a shoe string budget and without computer tricks. Raimi had to get ultra creative with his shots and still gets great praise with some of the camera work he did for the first Evil Dead. But back on topic, because the film looks cheap it tends to get that "funny" appearence to it. But if you go back and read reviews in 1981 when it came out, no one was laughing. People were scared on an Exorcist level at the original film. So with that being said, the new one surely looks "scary".
The cons: Pretty much everything else. It looks like a super polished over version of one of the US remakes of a Japanese ghost story (ie The Grudge & The Ring) but done by the creators of the last few Saw flicks. The gore appears to be way too over the top.
My biggest gripe is that really looks like it lost all the charisma of the original film. Obviously it's a remake but I don't feel like I'm watching anything new. The average film going audience that has no idea there is an original film isn't going to have this stand out from the pack from every other ghost film. This will blend right in with films that are out now like Sinister, the Possession, etc.
The really should have gone with Evil Dead 4 if they wanted to introduce their films to a new audience. Alot of people would have went "4? where the hell is 1, 2, & 3?" and there you go. A new audience who is curious about a part 4, would have been forced to search out the original three films.
Rumor has it though, back in August, Raimi went to court to put a nix to some other film company trying to make a film called "Evil Dead 4: Consequences" stating that he never abanoned the series and that if this one was made it would ruin his planned Evil Dead 4 that he is going to do for Sony Pictures. So who knows, we might actually get what we want.
The significantly increased amount of blood and gore leads me to believe that they're adding scenes and elements of Evil Dead 2 in there. Them burying the girl is pretty similar to Ash burying Linda in ED2. And the chainsaw scene with all the blood spraying looks alot like when Ash cut his hand off.