I know the oppinions will spread into two (or maybe just one ;) ) direction...If you don´t love it, you will hate it :p
I love that uber-high synth & the final result too. A very close-to-the-original version (even the drum beat ;) ) with additional features, like the (completely new) 2nd voice to the chorus near the end and a lot of slides. Another thing that is strange for some guys & sweet for the rest.
So, be warned...it´s very "cheesy" :D
Edit: I thought everyone would know the original, but since i was asked who composed it, i have to add it: Original composing by Chris Huelsbeck !