That report is totally incorrect. It's not going to be retro, and it's not going to be a continuation. When Altair 4 blows up, it blows up. I have, however, found a way to honro [sic] the original movie without in any way besmirching it in order to do this iteration. Once folks find out what we're actually going to do, I think they'll be most pleased. Forbidden Planet remains one of my favorite films of all time, and I wouldn't even think about doing this project if I didn't think there was a way to do it that would not in any way diminish the original...which is why this is the the first development in years to actually get to the script stage. Everybody involved is very excited by the approach (JMSNews).
It feels like he is wiping grease off of a mirror, but he at least cleared up the rumors that the new film was going to be a campy send up of the original. I trust Joe, and believe he will do a great job remaking a great movie.