My thoughts
Like the previous installment, this is a quality continuation of the iconic 1960 film, but more of a retread, which is why some call it a spiritual remake. I like it a little better than the prior sequel because it omits the contrived and confusing twists & turns of the second half. That said, if you seriously reflect on “Psycho II," everything makes sense after the climatic reveal; you just have to put the pieces of the puzzle together.
Besides Scarwid, the film scores pretty well in the female department with comely redhead Juliette Cummins from “Friday the 13th Part V” (1985) and brunette Katt Shea. The film effectively contrasts lust and love. In addition, Fahey makes for an entertaining character and I like the addition of the celebratory football fanatics. There’s some atmospheric cinematography as well, directed by Perkins.
What’s great about the Psycho franchise is that it has its own story and Norman is a sympathetic character. It’s really a tragedy and not like the formulaic slasher where the killer is a zombie-like machine and all its victims are mostly partying teenagers.