I say, "Go!"
When the news that New Line was doing the LOTR trilogy came out, I was ready for the worst--not that PHANTASM is on the same level of Tolkein or anythnig. But they have proven to me that they can do more than weak NOES sequels if properly motivated. Maybe this will be cool, maybe not. But I'll check it out.
The reason I'm poor...
"In this Age of Grand Illusion, you walked into my life out of my dreams..."