I may be in the extreme minority about this, but I am super excited about this. I grew up in the 70's watching all the old classics, and of course the big guy made a huge impression on me. What always fascinated me was the scale of it. The classic shots of people running while Godzilla rampaged in the background are pure magic for a 9 year old.
The movie has wrapped shooting and is in post production. They screened it recently and what people were allowed to say was basically this ;
"The people talking stuff was dumb but there were a lot of monster fights !"
That pretty much makes it a classic Godzilla movie !
King Ghidora, Rodan and Mothra are all confirmed.
"The new story follows the heroic efforts of the crypto-zoological agency Monarch as its members face off against a battery of god-sized monsters, including the mighty Godzilla, who collides with Mothra, Rodan, and his ultimate nemesis, the three-headed King Ghidorah. When these ancient super-species – thought to be mere myths – rise again, they all vie for supremacy, leaving humanity's very existence hanging in the balance."
— Legendary and Warner Bros.
2 images from Skull island teasing Ghidora and Rodan, and the famous Oxygen destroyer