The publisher bringing the much maligned game to the U.S. seems to think so.
According to a recent interview posted to IGN.com, the folks at Eidos Interactive have tweaked some of the graphics and tightened up the gameplay, making the Escape from Bug Island a better experience than the Japanese original, Necro-Nesia. Whether or not that means it's an overall worthwhile experience has yet to be determined, though the hands-on account from IGN's writers provides at least a glimmer of hope.
I've had my eye on this one since it was first announced, mainly because I love the idea of running around and slaughtering disgustingly huge insects (and shining a flashlight on them using my trusty Wiimote!), but I'll await some actual reviews of the U.S. build before handing over my hard-earned dollars, thank you very much.