It's going to definitely be better than Rob Zombie's weird version that tried too hard.
As a fan of the series it is good that they're ignoring the sequels. It was kind of cool how you could piece the sequels together like you can say that Laurie abandoned her daughter, faked her death, and changed her name to get away from Michael and then in the original Halloween 6 when Loomis gets the mark and now has to look over Michael that's how Michael gets the information of where she is and then finds her in H2O.
It is a little weird that they seem to be just completely ignoring Halloween 2, but I guess it makes sense. You have a lot easier time writing him just disappearing in Halloween 1 than him being shot in the eyes and lit on fire.