could be really good could be really bad, never can tell.
The rumor is old, but if its a small effort I can see how it would take a long time. May even be finished and sitting on a shelf.
QuoteRemake
A screenplay for a 3D CGI remake of the film with an all-star cast is rumored to be in the works and will be completed by the end of 2010. If the screenplay is put into production (with an estimated release date sometime between 2012-2013), possible rumored cast members include Hugh Jackman, Clive Owen, Alan Rickman and Ray Winstone.
as long as the director/producer doesn't screw up the film, it being a book adaptation, doing things like making changes in the plot, not following some parts of the story, taking out some characters
i'm sure special effects/CG would be good.