Now having watched the video... I remember seeing this before a few months back, at least parts of it.
I dunno, I'm rather intrigued. From the looks of it, they ditched the hand drawn art in favour of polygons. I LOVE hand drawn art, but then again, the polygons didn't make Stride 2 (PSX Strider 2 that is) any less of a game. The game play was still in tact and from the looks of this one, the game play is again intact, though...
...the opening level has been altered to allow room for some of the NES incarnation's RPG/Adventure elements which I'm actually excited about. I really don't think this is going to turn into another Burger Time World, I have hopes for it, though again would love to see it on the Wii U or at the very least the 3DS.