Reboot of IT Circles the Drain

I took a deep breathe when I saw this Tweet yesterday:

Stephen King @StephenKing · May 25
The remake of IT may be dead–or undead–but we’ll always have Tim Curry. He’s still floating down in the sewers of Derry.
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Oh my! You all know that It is my favorite Stephen King book, and that Pennywise had me scared to death of clowns (which I saw after I performed as a clown in my high school’s production of Barnum).

I was ridiculously interested in how a new version would look, even though I don’t think anyone can be Mr. P any better than Tim Curry! With the director gone, and a small budget I think a remake isn’t in the cards.

Any thoughts on this, my horror friends?