I hear it's great, but at least I can play the original iteration on an NA PS1 (I loved it). I'd rather see a compilation of unreleased games (I hear there are a couple good ones on the Japanese PSP and DS (but also a very bad one, if I recall correctly)).
It's not just great, it's easily arguable as the best 2D Tales game in the series. It's really an injustice we didn't get the remake localized. I remember being hyped for the remake trailer back in the day: http://www.youtube.com/watch?v=_fVC50VsiFw