I was under the impression that it started as a HD version, then they decided to change aspects of it (such as scrolling camera and major changes to reflect that), and now if Destructoid and the facebook quote it references are to be believed, it is now being redone from the scratch up.
I did just now see that this has been covered here already, though. I originally went back only two days in this thread, thinking that was when this news hit, then saw Destructoid was rather late, and went back more days to see the posts here about it. So I get that it's not changing canon or rebooting anything in terms of the franchise/series.
But there still seems to be a sense of ambiguity elsewhere on the internet about if the part about the original plans being scrapped and the game being reworked from the ground up is true.
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