Sequel with Nicolas Cage again in 5 years. Budget: 50 Million.
j/k
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Complete reboot. Get a director who can film action and horror; write a script that is Rated R; Big Budget, EPIC action every 15 minutes, enemies that don't die as easily and are as horrific as can be, supporting characters that matter, plenty of suspense, no cheesy camp.
The last fight alone should last non-stop 20 minutes and be full on GR bone-crushing bad-assery with him using his bike, hellfire, shotgun, his chains (as chain spear, chain link shurikens, and lasso), hell-fire, plenty of ass-kicking, punching, choking, running over, dismembering, impalement, beheading, busting through objects, biting, screaming, falling, flying, and it should involve an area the size of a football field being blown to bits with bad-assery.
That's all I ask for.