The whole reviving old franchises and making them look the same as they did before is in vouge, first up Capcom did it with Mega Man 9 and now Konami has done it with the space shooter Gradius. The game which is due to hit Japan in the Summer will look like Gradius III did on the Super Nintendo Entertainment System. The game has the name Gradius Rebirth, no concrete details apart from that have been revealed at this stage.

Source: Famitsu