The good news? It's being directed by Rob Zombie. Now, judging from "The Devil's Rejects", I'd say that the remake is in good hands. In fact, I'm actually looking forward to it. Here's hoping it's the latest in a recent trend of good remakes like King Kong and The Hills Have Eyes.
I just found a pic of what Michael Myers will look like in the remake. I've got a good feeling about this movie. It may not be bad news after all.