Remakes only work depending on the subject matter. If you're only remaking a classic just to cash in on the name, then it's bad. But if you actually have a fresh take on the material, or if you're remaking a bad movie in the hopes of doing it better the second time around, that's fine by me.

Personally, I'd love to remake Xanadu and turn it into a good old-fashioned madcap romantic comedy.