I never really got into Ultraman myself. Heck, I even watched that 4Kids Dub you mentioned. Yeah, the less said about that, the better.This doesn't look that impressive either. At least it looks more impressive than what we got from 4Kids. Still, not something that has caught my interest. Don't expect me to get this anytime soon.
From what I've heard the 4Kids dub of Tiga was close to the original, with just a few added one-liners because that's how that writer rolls.Ultraman: The Adventure Begins (which I plan to review myself someday) was my first introduction to Ultraman. I didn't even know about the Japanese series. When Towards The Future aired, I was disappointed at first because it took so long to get a series (or so I thought at the time) and they changed a long and made it live-action. Only later would I learn of the live-action franchise with one other cartoon, an anime version which, like this movie, is still canon to the franchise.
I heard that the "old guy" character is actually And older Ultraman character who was sent to earth to keep a look out for any monsters. Apparently that was how he was suppose to be, but this was sidelined since this was a one-shot movie.