I like it! Haven't heard the version with the rap (nor wish to?!),but this version brings the song up to date and would be great in TF3! I like the different vocal phrasing,the song has had quite a makeover!
...As far as the originals(the touch,dare)-when i was little i put a tape recorder in front of the t.v while watching the cartoon movie on video and taped these songs to listen to;complete with movie dialogue over them!