SHARK NIGHT 3D director to remake Yasuomi Umetsu’s anime KITE

I recently had the chance to interview David R. Ellis about Shark Night 3D and he spoke briefly about a new project that would take him out of the horror genre. Ellis briefly stated the he has two projects in the works, "one’s a really cool action film one called KITE, which is based on a Japanese Anime."  Variety reports that Ellis is set to remake Yasuomi Umetsu‘s Kite, which was release originally in 1988.

Here is a description of Kite from Wikipedia:

Kite revolves around a schoolgirl named Sawa (さわ) who is orphaned in her early teens. Her parents are the victims of a gory double murder. The detectives investigating the crime, Akai あかい ("red") and Kanie, take her in as guardians. Akai begins a sexual relationship with Sawa, forcing her to become his sex slave for the duration of his guardianship. Akai also gives her a pair of crystal earrings, each one containing the blood of one of her parents.

Sawa becomes an assassin after the corrupt detectives make her kill an alleged rapist of young girls. Subsequently over the years, she kills whomever she is ordered to, including corrupt police officers and corporate fat cats. Sawa's assassinations are famous among the police for her use of special bullets that explode inside the body after piercing the skin.

Ellis' live-action version will focus “on a young woman living in a failed state, post-financial collapse, where the corrupt security force profits on the trafficking of young women. When her father, a cop, is slain by someone dirty inside the force, she vows to track the murderer down with the help of her father’s ex-partner—never realizing he is, in fact, the man who had her father killed.” The project is being produced by Anant Singh and Brian Cox under their Distant Horizon banner.

I am not a big fan of remakes, but this sounds like a cool project. What are your thoughts?