It will give them plenty of license to do some awesome spacey/alieny visual effects, but still, it shouldn’t be allowed. It’s one of his genuinely good films, almost in spite of his involvement
I guess they could make it work if they went for a more scifi and less action approach to the idea than the original. At least then it might be more its own film than a remake.
I suspect they won’t though which would make it another unnecessary remake of a film that got it right on the first attempt.