Musical FAME to be remade by MGM

I know it happens all the time, but when films that I saw as an adult (okay, 18 years old) that are now being remade make me feel old. Of course the film will be updated to reflect the youth of today, with rap, hip-hop and other newer sounds. Will the kids be texting each other and into social networking too? Why not just make a brand new film about New York School of Performing Arts? Read the article.