According to CHUD:
"Tobe Hooper, the man behind Leatherface's original carvings, is taking a pass at the remake's script with original partner Kim Henkel..."
Which might make the sting a bit worse.
The article also went on to say that Bay might not be directing, though who knows on that.
All we can do is keep our fingers crossed. "Planet of the Apes" was going to be remained for years before it actually was, and there are plenty of movies lingering in Development Hell. Plus, there is always the remote chance that the movie might turn out as good, if not better than the original. It's happened before.
Once or twice.
Usually to movies that are trash to begin with.
...
No, I'm not going to buy the Brooklyn Bridge. I already OWN it.
(Source:
http://www.chud.com/news/jan02/jan31tex.php3)