I will say that I am certainly a fan of all the Ring films. Even at their most obscure, they give the horror genre a shot in the arm that is has needed for a LONG time. Also, the general concept behind these films (a post-Rosemary's Baby/Omen horror story) is pretty darned brilliant.
But, this. Wow. I'm just so torn. On the one hand, Rasen has some very good scenes that are missing from the other Ring films. Most notably, it doesn't shy away from human emotion. The fascinating juxtaposition of the suicidal Dr. Ando and a videotape which can kill its viewers almost passively makes for a very interesting story. Throw into the mix the sexual element (i.e., sex/death/intimacy and the relationships among them) and you have a very complex film. Rasen further shines as the story of a man who begins with the most honorable of intentions, only to find out, to his utter horror, that he has betrayed everything he thought he stood for.
BUT, on the other hand, there's the last 30 minutes or so of this film, which just left me scratching my head. Why do we need all this bizarre junk science thrown at us. What is Sadako up to? Is Ryuji a good guy or a bad guy? For that matter, why does everybody act like HE has all the answers? WILL SOMEBODY JUST STOP JABBERING FOR A MOMENT AND EXPLAIN THIS WHOLE LOOPY, HALF-BAKED PLOT FOR WORLD DOMINATION?!?!? PLEASE??!??!?
I can't reconcile any of this in my head. I know there's a way to make this movie great, and I think it involves re-writing the last half. Hey, Hollywood! Remake this one and see if it can be a little more palatable.