I think its kinda fun to see a re-imagining of a classic game, but its actually super, super hard to stick the landing. I don't think you can ever be as good as the original (that you played when you were a kid with some flicker of imagination still left in your soul) but you can give it a fresh coat of paint and try your best not to ruin the classic moments.
I think FF7r is a travesty in ruining the originals' emotional beats. Dead Space remake does a pretty good job, RE4R is also pretty good.
What i think would actually be a way better way to go is to do a remake, but also release the source code of the original game, so the big fans can do something special with the original instead.
Walz is in as VP thank god