As far as metal ballads go, I think both versions are good. The original is a bit more feely, but the new duet version speeds things up a little and works better on other levels. All in all, it's basically the same song and the versions are not exactly extremely different. I feel like if the latest hadn't been a duet, the two would've been too similar for the remake to make much sense.
The System has failed from 2004 isn't often mentioned, but it did produce this somewhat listener-friendly gem :
Note that it's a fan vid