I concur with with bkoganbing "The Wayne Family Seal Of Approval". Imitation is often the sincerest form of flattery.
Anyone who is a fan of John Wayne and expecting a better version than his will be disappointed. But, if you are a fan of the Western Genre and of Lou Diamond Phillips, then you will be satisfied with this remake.
Lou Diamond Phillips and Luke Perry do a good job with their parts. Additionally, while Deborah Kara Unger is not as attractive as Gail Russell in the original, she does fit the part of a Quaker more so. She does a decent job in her role.
The standouts of this film are Lou Diamond Phillips, Winston Rekert (The Marshal), and Don Thompson as The Doc. Most of the supporting players are mediocre, but there are a few standouts, particularly, Gary Chalk as Steve Carson and Brendan Wayne as Randy. The other interesting part of this movie is the well done and fitting song sung (presumably) by Jennifer Copping (Maggie).
The sets and the scenery also looked very good.
I'd also recommend the remake of Red River with Bruce Boxleitner. A practical shot-for-shot remake of Wayne's original. Red River is one of my top ten favorites of Wayne's and I enjoyed this TV Remake.