http://www.gamasutra.com/view/news/1968 ... atment.php
Stardock CEO Brad Wardell said, "We expect the new Star Control to come in the form of a reboot, similar to what Firaxis did with the XCOM series last year. We are looking at Star Control II as a major source of inspiration."
What Firaxis "did" with XCOM last year was take a dormant, cult hit PC strategy game series and turn it into a multi-platform, commercially-viable franchise that was lauded by fans and critics -- not an easy task.
Development starts this year with the release tbc.