I'm sure it will be a fucking abomination. I'm a huge horror fan and the Child's Play franchise holds a special place in my heart from the repeated viewings of the films when I was a kid, shit I even enjoyed Bride of Chucky quite a bit, though probably for completely biased and nostalgic reasons as I was young and snuck into the theaters to see it with my best friend and we had a raving good time. Unfortunately nostalgia couldn't save Seed of Chucky from being a huge fat turd of a film with no clue as to what it's identity was. They should have just thrown the horror element out the window and gave the project to John Waters, why not he was already in the flick, that could have been great.
Anyways, yeah, been reading about this remake for several years. First things first if they don't use Brad Dourif for the voice of Chucky, this film is a complete failure from the start and should just be put out of it's misery now, Dourif IS the fucking franchise and without him on board it would be pointless. If they have him doing the voice though and a competent director, I could actually see this possibly being pretty good if they're attempting to go a darker route and cut out the comedic elements. That's absolutely what they'll have to do to make this film worth seeing though, horror-comedy is played out, especially in the Child's Play franchise.
I'm mixed about this flick. I'll be keeping my eye on it for sure, but I'm not holding very much hope right now for the quality of this project.