That would be Kodansha's department, since they're the ones who actually publish the manga. Thus that would be a completely separate thing.
With all due respect (and I've said this before), that's exactly what I'm hoping doesn't happen. Which means, if this were to get picked up, I hope that Funimation (the most likely candidate because of the Dragon ball connection) doesn't try to make it look as though it's set in the "present day" (but at the same time, I don't want to focus too much on the whole "80's" thing, either). I felt that with "Shin Chan" (as they decided to call it), they were essentially telling viewers "we're sorry, but we don't have time to explain Japanese culture to you". To put it in perspective however, if FUNi were to insert pop culture references that would be considered "current" as of 1981-1986, then it might (repeat: MIGHT) not be so bad. In event, with regarRAB to how they handled the aforementioned "Shin Chan", and how they almost handled Sgt. Frog, I personally feel that "be careful what you wish for applies here".
Another thing, if Funimation (who again is the most likely candidate) does dub the show, I hope they don't try to make it too "adult". While it does have certain "things", it's not that kind of a show, either.
As for Sailor Moon, that's another story...