I remember seeing the first one in the theater when I was 7. I begged my grandmother to take me, and she did. Of course she didn't know just how violent and gory this movie was, so my best memories of this film are of watching he reactions to some of the more over the top gore scenes.
As long as the remake is rated R, and doesn't change too much of the original story I'll welcome it. The original will always be a classic, but I've always thought that the suit looked a little crap when you can see the turtle neck under the armor lol.
Maybe a better idea would be to used CGI to enhance the effects of the first three films, and then make a fourth.