I can't quote chapter and verse, but isn't that basically what the Bible says?
I don't actually believe the burning in Hell stuff (it's only a diagram) and the "eternal suffering" might be just exclusion from Heaven, but I don't know what form that takes.
As I understand it, if we have been made aware of God's message then He requires us to take a side.
So, we're either with Him and are accepted into Heaven, or against Him and are consigned to Satan by default.
They're God's rules not mine, but if I've got them wrong, what's your understanding of the situation?