Babylon 5 was, to me, and others, well ahead of its time. The storylines were great, the actors were good, and the CGI (for its time) was second to none. Even shows such as TNG & DS9 (Star Trek) weren't keeping up in regards to CGI. Babylon 5 handled that aspect of it quite well.
It is no secret that the main aspect of Babylon 5 was the Shadow War. Those guys were indeed evil, and the Minbari were an awesome race to go up against. Even in the film "The Beginning" the Minbari stood true to their word, and were a force to be reckoned with.
I no doubt stand alone when I say it would be nice to see a remake, or at the very least, a re-animation, doing up the CGI aspects of the show, much alike paramount are doing with TOS (again, Star Trek). Whether we ever see this or not wont have any huge difference, as this show will continue to be a classic, nomatter what.