'Charmed' is Coming Back! CBS is in Development for the Series Reboot

It looks like Charmed is coming back for a new season.

CBS announced that they are currently in development of a reboot of the witch drama, "Charmed". Variety recently reported on the upcoming project:  
Variety has confirmed the reboot is in its early stages with just a script deal, but has “Party of Five” co-creator Chris Keyser and Sydney Sidner co-writing the show. Keyser will exec producer, and Sidner will co-exec produce. CBS TV Studios is producing with Tannenbaum Company. The reboot is described as a “re-imagining of the original series centered around four sisters who discover their destiny – to battle against the forces of evil using their witchcraft.” Vulture was the first to report the news. “Charmed” ran on the WB from 1998 till 2006, and was created by Constance M. Burge. Aaron Spelling produced the series through Spelling TV. Program starred Alyssa Milano, Holly Marie Combs, Shannen Doherty and Rose McGowan and averaged around 4.5 million viewers during its eight season run on the WB.  
With the recent popculture obsession with vampires, witches, warlocks, and wizards this looks like a great idea and plan for the Network.

What do you think of the upcoming "Charmed" reboot?