I like the original, but this version eclipses it IMO. The video brings even more emotion to the song. Even Trent said that the song was no longer his song, after seeing this video.
Oddly enough when Rick Rubin, along with other songs, first sent it to Johnny he got no response. So, he sent another tape of songs, with Hurt as the first song on the tape. Still no response. Finally he just outright told Johnny that he thought it would be a great song for him to record. By this time he trusted Rick, so he agreed to record it.
I think it's one of his best works.