I am cautiously optimistic... VERY cautiously. Sega tried this back in the early 2000's and it fell flat HARD. Shinobi was a decent (not good, but decent) game on its own, but had pretty much nothing at all to do with the original series, and it didn't help that Ninja Gaiden came along and schooled it in every aspect.
SOR never happened at all, and that's how we as a community got started. Golden Axe had that atrocious mess of a remake, and Beast Rider got farmed out to some discount studio that (in fairness to them) had an impossible set of circumstances to fight through. Phantasy Star 1 and 2 updates actually looked good, and I was anxious to try them. Bit disappointing in scope, but still nice, and as I understand they sold fairly well. So.... Sega canceled the English versions and scrapped plans to update 3 and 4. Because of course.
If Sega actually makes these in house and follows through, they might not be bad. If they don't... well, less competition for us.
DC