I see this has been brought up.
I just discovered this news today on a Star Trek site. There is a new series and it has begun production.
I know very little of it. I did see the original in the 80's during that great time of glut of Sci-fi shows! Good fun.
All I know is that Elizabeth Mitchell is in one of the lead roles. She'll share time with Lost reprising her role of Juliet as well.
One of the producers has given an interview and discussed how this will be a new spin. He also talked about possibly having some of the original cast back to pay homage to the original and give back to the fans. Of course, Jane Badler got most of the attention in that regard.
As an allegory, this would be a logical take. If it's straight forward sci-fi action fare, I don't see it succeeding. It premieres in November.
http://scifiwire.com/2009/08/v-producer-on-who-might-r.php