I have mixed feelings on all this. On one hand, cheesy special effects are exactly what none of us wanted. We wanted the old-school feel for a new generation. I don't think we'll be getting that.
On the other hand, the addition of Hulk Hogan automatically makes this a must-watch. This has major potential; both good potential and trainwreck potential. I'm definitely in, whether the end result turns out to be good or not.
Having never seen the Mark Wahlberg movie from 2000 or so, I thought (due to the identical font used for the titles) that this was a prequel to that movie. That's why the Mars mission stuff stuck out with me.