I actually just saw an article on this in the newspaper and Paramount said they were going to fight it in court if necessary to stop the sequel from being made.
DO IT PARAMOUNT!!!!!
I disagree. Boo to Paramount for being a bully. The movie will likely suck, but everyone has the right to make a crappy movie. That's the principle this site is built on!
It's one thing to remake
a movie and fail, it's another to trash a legacy. That's my concern, that this sequel would have trashed the legacy that It's A Wonderful Life
Ehh, I don't like WONDERFUL LIFE much anyway. They're remaking PLAN 9 as a zombie movie and I'm not even concerned about that. Go ahead and remake VERTIGO as a romantic comedy, it's fine by me. Doesn't affect the original.
This one was better than Capra's movie anyway...