Yah, so Werner Herzog has apparently signed on to direct a new Bad Lieutenant film, which is neither a remake of or sequel to Abel Ferrara's cult classic. The cast, including Val Kilmer and Nic Cage in the leads, looks very Hollywood, and it's set in New Orleans. All rather dubious, but intriguing none the less, as Herzog continues his great pilgrimage towards the center of American pop culture. This interview, snagged from Defamer, is a fuckin' hoot:
Defiant Werner Herzog to Defamer: 'Who is Abel Ferrara?"