According to Dictionary.com:
re-boot-ed, re-boot-ing, re-boots
To turn (a computer or operating system) off and then on again; restart.
Until recently I'd never heard this word used in reference to films. I think that the first time was Batman Begins. Now every other film seems to be a "reboot".
Now A Nightmare on Elm Street is getting the "reboot" treatment via Michael Bay's Platinum Dunes production shingle.
To be honest with you, I've never been a fan of the Nightmare films - they've never been of much worth, but they were schlocky entertainment and had a certain charm. They were a cheap type of horror that isn't made by studios anymore.
To a certain generation Robert Englund is horror icon Freddie Krueger. I'm going to hazard a guess and say that all the writers at Screen Rant fit into this age bracket.
I feel that this new reboot craze is ruining the Hollywood system. I'm fine on sequels... make 20 of them for all that I care, but the reboot, or lets be honest: remake, is just a cheap way of squeezing an extra buck from the teen market.
The film won't get a writer until after the strike, so there is no director or cast attached yet.
I'm pretty sure that original Elm Street director Wes Craven won't be getting a call, and I really can't imagine Johnny Depp making a cameo.
Screen Rant will keep you updated on the developments.
However, I really hope that this one stalls on the production line.