Hiya prabs! I've been around; lurking mostly. Spoke to Gannu a few weeks back. He's been busy too, plus the whole marriage part and his gaming has taken a back seat. I'll call him up, but doubt he'll be active again.
I have to agree with the remake part, but it takes a lot of time and effort to build a remake from scratch. Personally, I'd love to see certain older games to be remade with current generation engine; Grand Theft Auto Vice City for instance. It would look so f*cking grand on the current generation Rockstar engine. But I guess Remastering is more cost effective solution for the developers to draw the newer audiences with the whole HD touch.
I don't really feel God of War III ever needed an HD bump. It already looked spectacular on the PS3. I suppose this is Sony's way of stalling till their bigger games arrive.