I'm not the hugest fan or anything, but it seems like a terrible idea. The original was a very "aware" homage/sendup of so many things that don't even exist in cinema in 2015, meaning that this movie will either have to be a "frozen in time" thing like the Brady Bunch movie or a completely overhauled wild card like Jem is, in which case even using the name is pointless.
This just keeps happening over and over again...