In an interview with Hollywood.com Guttenberg opined:

It's definitely time for another Police Academy. And I think they could make another Cocoon. They're surefire hits and I think they're good for the world. They make the world a better place and that's what it's all about.

So let's consider all the franchises, TV shows and movies that still haven't been slated for a comeback. Which would destroy your mind the most if it got remade?

Calling the remake "a worthy addition to [Dimension Films'] family film slate" (which includes such family favorites as Grindhouse, Hallowe'en and something called Who's Your Caddy?, proving once and for all that Bob and brother Harvey clearly come from a particularly odd family), the remake will update the technology but otherwise maintain the mechanical hippie themes of the original, according to producer David Foster.

Hopefully, the inevitable future success of the remake - because, really, who could resist that cute ET-schtick-stealing military robot and his hilarious peacenik antics? - will be a harbinger of remakes of other 1980s SF movies starring Steve Guttenberg. I for one have been eagerly awaiting a new version of Cocoon for years.

'Short Circuit's' Johnny 5 still alive [Variety]