I don't think it's such a bad thing. Godzilla needs a bit of revamping to bring him back into the mainstream. Sure, his roar and appearance are immediately recognizable, but what do most people think of when they see or hear them - a crappy scifi flick... or a guy in a rubber suit as the media likes to play it (most people I meet think of the former). Most people haven't even seen the original. A remake or reinvention of Godzilla's beginnings with more than, or even without, a suit would help to strengthen the legacy.
By the way, I realize a lot of people would probably like to kill me now for even thinking of losing the suit, but I stand by it. Even though GMK had a great mix of CG and suit Godzilla, so much more can be accomplished with computers nowadays.
Long story short, I would love a remake that would keep Godzilla's likeness and spirit from the original. And a touch more evil like in GMK