I'm vaguably remembering Zarchi talking about a possible remake years ago in the butchered UK "I spit...'s" SE supplements- with different parties showing interest etc.
Something tells me he's probably still got a say (of sorts) in the remake and he doesn't exactly give the impresion that a new version of "I spit...." devoid of all its edge is something he'd have agreed with.
I any case, I'll stay curious and optimistic until the arrival of the feature at my nearest theatre screen or DVD store.