I'll be honest....I liked it. It's hugely flawed, but by the end it's still standing thanks solely to the work of one Jackie Earl Hayley. Much like the wretched Friday The 13th reboot, it doesn't so much as climax as peter out at the end, but the pre-end credits stinger leave you with a smile on your face. Unlike Ft13th, this at least FELT like a Freddy movie, and two or three of the jump scares actually got me. It's definitely been in the wringer in the editing room, and the "Did he or didn't he?" aspect that one was of the few well done things in the draft I read gets totally screwed up, but cobbled together it's just enough for me to recommend a matinee or a rental. If the rest of the flick had been as good as the pre-title card sequence, it would be up there with the original and New Nightmare.
Sebastian, I'm really curious how your cut was, as the second half especially seems to be laden with rewrites and reshoots, especially the end. If you're a fan of the character, it's worth the price to see Hayley.
To compare it to Zombieween 1 & 2 is ridiculous, and this is coming from someone who desperately wanted to like both of those flicks. This is pretty average big studio horror claptrap - the Zombie Halloweens are nonsensical abortions that will live in horror franchise infamy.