They'll release it, probaly, why not milk that nostalgia cow some moar
But I wonder how they will make the water enviornment... On that crappy engine of theirs... They'll need a better one. It'll be interesting if only for how TFTD seems to unassailable - they can't make it stupid, it's already silly, but on the other hand, it's silly in it's own, modernity-incompatible way
It'll be extremely hard to Bioware the TFTD, like they did with Ufo Defense, I think...
If Gollop is really not happy that someone is making a free, opensource remake of his game (read: he'll get no cash from it, well except the new sales of the originals on steam, but I wonder if he even still owns any rights to these 2 games), then he's really gotten old and senile and it's better to remember him as a great game designer of old who got immortalized by his works. And even more so, by the derivatives of his works, from Jagged Alliance to OXCom.
But to be honest, I doubt he's like that. Why should he dislike such a tribute to his name? I don't think so.