Following in the footsteps of such successful MTV original scripted shows like 2ge+her, and Joe's Apartment (aka The Roaches Are Talking), MTV has decided to update Teen Wolf for today's teens by making it into an MTV horror/romance series that will be at least as memorable as Undressed.
From Variety:
MTV is also pondering a reinvention of '80s film "Teen Wolf" in series format, with a greater emphasis on romance, horror and werewolf mythology.
Yes! More werewolf mythology. That's what every teen supernatural comedy needs. Just think of how much better the original film would have been if, instead of being a comedy about a high school kid who discovers he's from a family of werewolves and uses his wolf skills to become a totally great basketball player, the movie were an overwrought horror/romance that also delves into the history of lycanthropy.