It's a surprisingly good film with plenty of soul and great turns by the cast.
What it's not is the classic satire (although it does contain plenty of satire). The original was a classic because it was ultra-violent satire. It was Repo Man on speedballs and seen through the lens of Frankenstein. I'm a huge fan of the original (and Verhoeven in general), and was surprisingly impressed by this version.
This film has a more human element, and instead of having an arc where Murphy tries to regain some humanity, it's a sine wave of trying to overcome what they're doing to him.
It does trip a few times (sometime it's obvious that things had been edited for time), and the climax misses the punch of the original, but the focus is more on Murphy and less on making a statement...and that's why we like him more. Ironically, I didn't much like him before the explosion. It was how well the script, the actor, and the director dealt with him trying to deal with what was happening to him that gives the movie a soul, if not the original's biting scream. (Something Verhoeven was always fantastic at, but he often fell short on his films having a soul.)
What's left out here is that half the original creative team helped with this script, and I find the changes fascinating from that standpoint.