I am a huge John Wayne fan and Westerns probably one of my favourite film genres. So unsurprisingly the original True Grit is one of my all time favourite western and John Wayne film. Nonetheless, this version is tremendous. Well directed and superbly acted. I cannot agree with sharron55, MrYard35 and colmcille. You are plain wrong on this one. As many have said on here, this is not a remake of the original film but another adaptation of the original book by Charles Portis. If you love films you should approach the new version as such.
That said, if I were to recommend one version it would be the original. However, that in no way detracts from the new version which, by its own merits, is simply brilliant and a must have for any film lovers collection.