Oh, yeah. Meant to add: and, it's pretty much guaranteed to be better than the '70s turd. The teaser trailer alone is more entertaining than that monstrosity.
Yeah, the special effects would be all that is going to make the movie I think.
For two hundred million they should have grown a real giant monkey IMO.
Remember, though, in the 70's version you get to see Kong step on Charles Grodin, and that alone was almost worth the price of admission.