The original holds up fairly well but I can understand someone thinking a standard remake could be a good idea, (not me but someone). But if you told someone who didn't know this film existed that they made a shot for shot remake, they would certainly think you were joking. I did when I first heard about it.
It's not only a bad idea, it's rediculous. I suppose the reasoning is that someone thought it was a perfectly shot film and would be easy to make since it didn't need a screenplay or original direction and also had a built in audience. The problem is it isn't a perfect film in todays age. It's shot well but it's still a product of the 60's and doesn't hold up when it the same exact story supposedly takes place in the present. It's bordering on insane.