I saw this last weekend at the Fox Bay cinema, in Whitefish Bay. I can still remember seeing the original movies, as a little kid. I was definitely looking forward to this. The movie takes place in New York City. The evil Foot Clan, led by Shredder, is terrorizing the city. The turtles, having remained in the sewers with Splinter since their transformation, must journey out into the night to save the city.
There are a number of ways that this reboot differs from the original. None of the ways are terribly large but they are large enough for fans to notice. This does tend to take you out of the moment a little. If you look at the movie outside of the lense of the original storyline, it does much better.
I do not think this is anywhere close to being a ground-breaking or important movie. It is a good movie, though. As far as summer popcorn flicks go, it is worth checking out. I would recommend seeing it.