This looks interesting so I hope it lives up to the trailer. I'm a big fan of the older games with The Last Revelation being my favourite, Hopefully the reboot keeps the good stuff while adding some new cool stuff. :)
I've never been a fan of the series, but I've been following the development of Crossroads for a while. It looks very promising, and I think that character development is a much better thing for a game series than a huge rack.
I wouldn't call it a preqeual for the same reason batman begins wasn't a prequel to the other batman movies. more of a re-make ./ do over, like will be similar in certain points but completely different angle of the story/ character backgrounds.