No iconic musical theme, no Mexican setting with Bandidos, typical "rich white guy" villains.
No charismatic stars like McQueen, Brynner, Bronson, Coburn. How could they even have hoped to compete with the 1960 version? I won't discuss the original Samurai version by Kurosawa, but when you put the 1960 version on and hear the epic Bernstein music and see the hearse scene with Brynner and McQueen, and the knife-throwing scene with James Coburn, you get chills down your spine.
This one is flat and insipid. Even the late-1960s sequels are miles above this reboot. Even the 1990s TV show is better. Hell, even the low-budget ripoffs like "Battle Beyond the Stars" and "The Seven Magnificent Gladiators" do a better job capturing the spirit of the 1960 story. This reboot is almost forgotten only 5 years after release and justly so.