News on a Psycho Prequel

I found this on shock till you drop and thought it was interesting since this is one of my all time favorite movies. I will post their story below, but basically A&E is going to do the prequel of Psycho and all about Norman Bates... sounds interesting, but will it be good?

A&E and Universal are developing a television series called Bates Motel which is, you guessed it, all about Norman Bates.

Funny, that it should take the title of the television pilot (a failed one at that) created in '87 that was supposed to pave the way for an anthology series.  Alas, it never got off the ground.  A&E's Bates Motel, on the other hand, will serve as a prequel story that delves into Norman's past.

Wait a second...they've already done that, too...

Here's the official announcement from A&E: Bates Motel serves as a prequel to the most famous fright film of all-time, Psycho. A&E is currently in script development. Bates Motel will give viewers an intimate understanding of how Norman Bates' psyche developed from his childhood through his teen years. Fans will have access to the dark, twisted backstory and learn first hand how his mother, Norma, and her lover damaged Norman, helping forge the most well-known serial killing motel owner in history. Of course, if you recall, Mick Garris' Psycho IV explored Norman's past as well.  And that aforementioned television pilot from '87 - it starred Bud Cort, Lori Petty and Kurt Paul as Norman Bates.

Source: Shock Till You Drop