Obviously I'm a big fan. This updating doesn't bother me since the team I was really hooked on was pre-zero hour. It was pretty nice reading a comic with characters that aged. Towards the end, you essentially had the adult Legion. Hopefully this reboot will do well & click with both new & old fans.
It's funny the article didn't mention the Cockrumn/Grell runs as being an era. Those artists really made the Legion big in the 70's. If DC had only had a Chris Claremont to synch the deal. Perhaps a Waid/Kitson team will make the third time a charm.