IIRC that has been quashed now, Justin Lin (of Tokyo Drift) said that he didn't expect to be directing this (he was the intended director) but then again Universal Pictures still hold the rights for the film so who knows, Hollywood is extremly lazy ATM as are the people who can't be bothered to read subtitles at the bottom of a screen I feel, it just seems Hollywood feels it can make a quick buck out of these remakes whilst all they are doing is tarnishing the originals in my eyes.
If something has moved on since I last checked and got the ball rolling on the film I would be very, very dissapointed.