It was first released 1954, in Japan.
No. But there is another American remake coming out in 2012 that will hopefully be faithful to the character of Godzilla by being actually Godzilla.
Godzilla - 1978 MicroGodzilla 2-2 was released on: USA: 22 September 1979
Godzilla - 1978 Valley of the Giants 2-11 was released on: USA: 24 November 1979
Godzilla - 1978 The Eartheater 1-2 was released on: USA: 16 September 1978
IMAX 3D on May 16, 2014 .
On video or in theaters. I theaters it has already been released! On video I think in April sometime.
Godzilla The Series - 1998 Cash of the Titans 2-2 was released on: USA: 25 September 1999
Godzilla - 1978 Ghost Ship 2-3 was released on: USA: 29 September 1979
Godzilla The Series - 1998 Shafted 2-12 was released on: USA: 19 February 2000
Godzilla - 1978 The Golden Guardians 2-9 was released on: USA: 10 November 1979
Godzilla - 1978 The Cyborg Whale 2-6 was released on: USA: 20 October 1979