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Of course, it would have to be ultra-low budget (thus preserving the feel of the original and increasing studio appeal). I would suggest no higher than $300,000. Get a bunch of nobody actors who'll work for peanuts. Call in some favors (Hell, call in some fans). The surviving cast can even make cameos (it's not like they're busy with other projects). It would take, what, six months from pre- to post-production once the light is green? They even have justification (a rarity): the Master wasn't defeated, Mike now serves as the new Torgo (who may not even be dead), and "The End" was displayed with a frickin' question mark. I just think the time is right for some good, obscure cheese to make a comeback.