So… uh… this is happening. JMS is behind it. [LINK]
Original series creator J. Michael Straczynski is onboard to write the project. He will also executive producer under his Studio JMS banner. Warner Bros. Television, which produced the original series, will produce the reboot.
The new iteration of the sci-fi series is described as a “from-the-ground-up reboot.”
It will be interesting to see how different the reboot will be from the original. JMS wants to keep it fresh and full of surprises for both long time fans and n00Bs. Will he make radical and controversial changes like the reboot of BSG? (a female Garibaldi? I can hear Londo now, shouting “MRS. GARIBALDI!!!!”). It was already mentioned that the series starts with Captain Sheridan instead of Commander Sinclair (maybe Sinclair will show up later in the series).
Many of the episodes of the original B5 had mind-blowing moments (especially the episodes featuring Babylon 4) so I am hoping the same happens with the new version of the show.