No, I'm not going to dredge up the original. But this is a very good remake of the concept, and well worth watching. (Even if it is somewhat long. Make sure you have about ten minutes free before starting it. It's not quite that long, but almost.)
The real beauty of it is that it appears to be almost completely redone: it looks like they did all-original animation work, and I'm certain they did at least the vocals. I'm reasonably sure they actually redid the music itself, too - at least, it sounds enough unlike the original that I don't think they did a kareoke remix. And I'm usually pretty good about stuff like that.