Robert Rodriuez to direct a reboot of Predator?

Well, he's already written it, according to this in Variety:
Robert Rodriguez is ready to cut a wide swathe, and his plans include re-launching the "Predator" franchise for Fox and co-directing "Machete."
For the later, the filmmaker will create a feature out of the blade- wielding antihero who appeared in a mock trailer that was part of "Grindhouse."
Rodriguez is eyeing a June start date in Austin for "Machete," a film that is financed and produced by Overnight Productions, with Danny Trejo starring as the title character.
Machete is a Mexican ex-Federale with a gift for wielding a blade, who hides out as a day laborer, who is double-crossed by a corrupt state senator.
Rodriguez wrote the script and will direct the film with Ethan Maniquis, his longtime editor. The film is being produced by Rodriguez, Rick Schwartz of Overnight Productions and Aaron Kaufman.
Not immediately clear is whether Rodriguez and Overnight will find a way to use the irresistible marketing slogan that appeared in the "Grindhouse" trailer: "This time, they fucked with the wrong Mexican." It is the first non-studio movie that Rodriguez has directed since "El Mariachi." For Fox, Rodriguez has scripted "Predators," a film that will bring back the dreadlock-sporting alien hunter who originated in the 1987 Arnold Schwarzenegger hit "Predator." While a sequel didn't become a hit, Fox kept the alien sharp by launching the "Alien Vs. Predator," a wildly profitable series that has racked up strong grosses and DVD sales, wit little or no gross out the door.
While Rodriguez juggles these projects, he's also directing his script "Nerveracker" for Dimension Films, with Bob Weinstein setting a 2010 release for the futuristic action thriller.
-Both projects could be really cool, but might also fail miserably...what do you think?