Thought Julie Hagerty miscast.....otherwise, a not too awful update...
One has to admit that any sort of update or sequel for the original would be very hard to make and I thought they did a reasonably well update.
One thing I don't think worked well was the casting of Julie Hagerty as the Mom - her portrayal of the Mom was just too flakey, hyper, and too spastic. Melinda Dillon wasn't quite like that in the original.
I also had to consciously remind myself that the Ralphie character was the narrator in both movies even though Billingsley sounds nothing like the late, great Jean Shepherd. It was strange trying to rectify Billingsley mimicking the nuances of the speaking patterns of Jean Shepherd.