Saw it Monday night. It was better than expected. Mason, your review made me want to see it in the theater. I was gonna see it anyway but was going to wait until HBO/netflix/dvd. I think it was well done with a few items which I did not care for but were overshadowed by the whole of the movie itself. Of the few friends I talked to about it, I'm the only one who watched the older movies as a kid and thought it paid good homage to the older films with Godzilla's fighting style and how the fight scenes were scripted/directed.

It's definitely the best adaptation of the series made by a North American film studio.

It doesn't need a sequel but will probably get 1-2+. If they keep the same director, I expect a decent follow up.