If you haven't heard, the Shaprios are writing a script based on when Blake and Alexis meet. There's probably more articles on the web by now, but here's one with good coverage:
For me, the following would ruin it:
1) Horrible cast
2) Changing important, defining details... i.e. if they make Blake a "heir" when it's been established he's "self-made man"
3) Too much trashy/inappropriate content
4) No cameos from the original cast. All in all, I am not compromising on my fav show of all time!
Anyway, I'm excited.