I thought the first Child's Play was fantastic. The second I didn't much care for, the third even less. Bride of Chucky was, for me, so awful it made me swear off Seed of Chucky. I strenuously dislike when a once-scary boogey man is turned into a punchline spouting wise ass. This is what killed the Elm Street series. That, and tepid storylines.
I'm up for a remake, just please -- keep the mood like the first one. No more lame-ass jokes; more ferocious little bastard.