I'm already disappointed.
This isn't from the most credible of sources but it may be accurate.
http://blog.wired.com/underwire/2008...el-bay-to.html
It's unclear whether or not they will remake the original, but it doesn't sound like Craven will be a part of it -- or even Freddy himself (Robert Englund). Platinum Dunes is also working on a relaunch of the Friday the 13th series. According to Variety, "both franchises will be given a complete overhaul, just as Platinum Dunes did with the Nispel-directed The Texas Chainsaw Massacre."