It seems that all Hollywood does anymore are mediocre remakes of previous movies, often movies that shouldn't have been made the first time, let alone re-made 20 odd years later.
The original Death Wish was a movie of it's time. Remaking it now will not be able to capture that, even if it sets the story back in the early 70's, which I'm guessing they will not. To understand the phenomenon that the original Death Wish was, you first have to understand what an absolute, utter cesspool New York City had become by 1973. Back then, you took your life into your hands just by walking through Times Square. That's why, when Charles Bronson in the original film blew away the mugger in the subway, theatre audiences in NYC broke out in cheers. Today, Times Square is an urban theme park for tourists. It's a different time and place. There is no way that the remake could ever have the same visceral effect on the viewer after 40 years of ultra-violence in both movies and in real life since the original was made.
Hollywood needs to invest in some original ideas instead of beating dead horses all the time. The best movies being made today are the ones from outside of Hollywood and the corporate suits who only know about balance sheets, not anything to do with art.