A writer and director has been announced.
Wesley Strick is writing the script and some guy called Samuel Bayer is directing, filming is scheduled to start April 27th yet they don't have a single cast member!
From what I've read on IMDb due to the Bloody-Disgusting casting call people would like Jackie Earle Haley (Watchmen) to play Freddy, I think he would be great actually he has a Freddy look about him.
"Be careful, this is the moment where the supposedly dead killer comes back to life for one last scare"