Damnit to hell, he was one of the few people I'd actually trust to do the series some justice, unlike the "reboot" we got that sucked.
We need someone that can do satire, someone that won't fuck up his iconic "design" and will let Robocop be....Robocop, the robotic movements, the sounds, the color of his armor, etc needs to stay the same as it was either in the first or second movie (the second one had kind of a blue'ish paint with the gray compared to the first), just no more "all black" suit, no more "super fast running" Robocop or none of that shit.
I'd love to see them get Paul Verhoeven to come back to it, he hasn't really made a big western movie for like twenty years now, Starship Troopers was his last big action movie actually, then he did the Hollow Man horror movie with Kevin Bacon and after that it's been mostly Danish thriller/mystery movie sand things.
Hope that Peter Weller is still going to do the role. If not then they need to get someone similar to him in terms of body/face shape and what not, my money would be on Cillian Murphy, he's the closest to Peter Weller imo in terms of all of those.