Not only is there a US version coming, but a UK spin off:

 Quote:
In December 2006, it was reported that the BBC had commissioned a Life on Mars spin-off series, to be titled Ashes to Ashes after another David Bowie song of the same name. The Times reported that this spin-off would pick up the lives of Gene Hunt and other characters from the series in 1981.[12] Julie Gardner confirmed that the spin-off was to be produced during an interview for BBC Radio Wales in March 2007.[13] The series was confirmed by the BBC on the day of the finale's airing. Ashes to Ashes will see Philip Glenister return as DCI Gene Hunt, but this time in London in 1981. He will be joined by female detective DCI Alex Drake from the 21st Century, a new character. She will be a modern woman who has risen through the ranks of the Metropolitan Police by using psychological profiling to capture suspects, producers said. But when she and her daughter are kidnapped, she is injured in a rescue attempt, and finds herself in 1981.[14]