Story is still more important than what kind of effects this will have. If we have another retread, special effects by itself, no matter how pretty it will look, will only help little.
What I do
not want to see:
- Someone has a grudge against Godzilla, and wants his or her revenge.
- Godzilla needs to be killed or contained so therefore the goverment sets up a special force unit.
- A mecha to help out the situation and the story revloving around either the robotics expert or the person piloting it, or both.
Go back to the everyman point-of-view - reporter, scientist, bank robber, latch key kid

, with minimal perspective from the military. It worked beautifully in the Showa series (and heck, even the Heisei Gamera series went that way).