Don't like Sarah Michelle Gellar.
Like the Ring, I'm anticipating that the J-verison is much scarier. (And the North American version of Ring was not too bad, IMHO). The movie, if you're willing to pick your way through Chinatown videostores, is called "Jyuon" in Japanese and has been around a couple of years now.
I saw a copy of it in the Pacific Place a year back, so I know it's around.