Unfortunately, no. It's a mediocre game. The game tries to imitate the original's gameplay but falls short.
The story is you are the son of Jason, the kid who originally drove in the NES game. You go around with the hover car exploring caves looking for dungeons. There you get off the car and control Jason's son. These parts are extremely monotonous and difficult: you need to open door A, which opens after deactivating force field B wich is powered by generator C. Open the door, get the power-up or fight the level's boss, rinse and repeat.
The exploring parts with the car are frustrating because of bad camera angles. A lot of times you will find yourself having to make precise, leap of faith jumps or hovers wich would be easier to do if the camera angle were a bit better and didn't move so much. Failing these jumps usually means death or having to repeat the level's long road to the same ledge.
The boss fights are very unfair. Bosses do an awful amount of damage. If you die then you have to load your last save, which means you start back inside your car and have to do the "disable the force field blocking the door" routine all over again.
The loading times are very long. The game loads every 3-5 minutes, pausing the game every time you move from section to section, which interfere with gameplay. If you load a save it takes longer, so that adds to the frustration if you die.
Graphics are OK, not a lot of drawing distance and mostly looking at dark caves. You'll spend most of your time looking at the rear of the car. From time to time you'll get a cutscene, but nothing to be excited at. If recommend you play this game with cheat codes. Specially try to get unlimited hover and life energy (you'll need it). Also play on a faster CD-ROM, like on a PS2 or emulator.