@Elway- <nerdrant> Absolutely! The 1960 original still holds up, at 7.6 stars on IMDb (Same year I was made; I'm still holding up, but rated much, much lower on IMDb and everywhere else)
There were two remakes, a 1978 TV version (rated 5.5) and 2002 remake (rated 5.9). Agreed: Stick with the classic!
Also, The Big Bang Theory, S01E14 "The Nerdvana Annihilation," features the machine: "Penny gets mad at the guys when their full scale model of a time machine causes her to miss work, which prompts Leonard to give up all of his nerd memorabilia."