I don't believe it was actually banned? I thought shops just didn't want to sell it, or am I thinking of A Clockwork Orange? or something else... wasn't it also proven that the boys had not even seen the film...
It was shown on freeview television a few months ago, and I remember watching the video at college when someone brought it in, quite rubbish actually.
Apparently, it's still a remake and it's in the script stage.