There’s not a lot to say, really. It takes a leaf from Stranger Things (literally, if you factor Finn Wolfhard’s casting) by putting the focus on kids chasing a supernatural mystery.
It’s most interesting when it’s doing this, and kinda loses steam in the back half when it more or less becomes a beat-for-beat recreation of the original film, but with a few creative spins.
It’s weird to think of “how tasteful is the fan-service?” as common consideration in modern filmmaking, but here we are. And it’s fine. Lots of callbacks and cameos and references, nothing too egregious or eye-rolly.
Perfectly servicable legacy-quel, and not much more. Worth a watch, don’t think about it too much.