I hear there are to be two sequels to the Clash of the Titans Remake. With the second being filmed in true 3D not the 2D to 3D conversion that happened with Clash of the Titans to cash in on the Avatar success.
Its unfortunate that there are going to be sequels because I thought the movie sucked big time, Medusa, Peagasus, the chance to remake and retell a story with these classic characters really fell by the wayside. Hollywood has a trend lately of making sequels to movies which weren't really all that great to start off with but I guess that must have made money or were part of an indestructable, critic proof franchise, movies I can think of late are The Whole Nine Yards, The Da Vinci Code, Sex and the City.
Incidentally I hear there a rumours of a remake of the Neverending Story, wonder how they'll butcher that one. As long as they don't remake the Princess Bride I shall be happy.