Ha, a classic, though a hilarious one! Have the 16 DVD box of it somewhere...
Actually, this is a remake that could work. There is plenty of room for visual improvement. Improvement of wax-actor's acting. Hilarious dialogues (in Germen dub at least). And they need to come up with a slightly less hair-raising scenario of why the moon is moving away and could reach a new solar system every couple of days.
What they need to keep and only sliughtly modernise in looks is the design of the Eagle, at all cost. The Eagle is probably as iconic in the SF genre as is the USS Enterprise. To completely skip it's design would be a sin.
Space 2099 without the Eagles would be like Battlestar Galactica without a Galactica.