No... No... NNNNNOOOOOO!!!!!
The original Robocop worked perfectly fine, was an excellent movie, and was one of the series of 80's movies with a underlying serious issue (Rambo's PTSD, Robocops take on unrestrained corporate greed, Dirty Harry's timeless question of where the rights of the public clash with the rights of the accused).
The only thing they can possibly accomplish is a straight forward action film. Which is already a step behind the original, so why?