While EA did not get into differences between the original and remake, the press release suggests rumors that it’s a remake similar to Resident Evil 2 are accurate, as sound and visuals, improved by the Frostbite game engine, were specifically mentioned.
Phillippe Ducharme, Senior Producer of Dead Space, had the following to say about the announcement:
The Dead Space franchise made a huge impact on the survival horror genre when it was released 12 years ago, and I came to Motive as a fan first to specifically work on this game. We have a passionate team at Motive who are approaching this remake as a love letter to the franchise. Going back to the original and having the opportunity to do so on next-gen consoles excited everyone on the team. As we look to modernize the game, we’ve reached out to dedicated fans and invited them to provide us with feedback since the early stages of production to deliver the Dead Space game they want and for new players to enjoy as well.EA Press Release
Currently no additional details or release date were revealed, but expect more about Dead Space in the near future.