Is There An Unofficial Sequel To STREETS OF FIRE On The Way?

Or is someone just making the ultimate Walter Hill tribute film? I can't say that I'm terribly interested in a STREETS OF FIRE 2 absent the integral contributions of Hill, Larry Gross, Ry Cooder and Jim Steinman, but I am tickled by the notion of the film industry's Schlockmeister General, Albert Pyun, attempting to cash in on largely forgotten box office bomb from the mid-80s. Mind you, it's just a notion. Judging from the plot summary submitted to us by reader "Clyde the Bartender", there's no overt reason to believe this is a continuation of Hill's criminally underappreciated "rock and roll fable". Here's the gist:

A soldier who has been fighting a long war is driven mad because he no longer believes in any purpose or righteous truth behind the killing. He comes home to a surreal world looking for his first and only love from his youth, believing she will rescue him from his demons. On the road to Edge City he encounters two seductive spree killers who oppose his efforts to find his love and the redemption he desperately seeks.

Nothing doing, right? Well, here's where it gets weird. The soldier's name is "Cody", and he's being played by Michael Paré. You also have Deborah Van Valkenburgh cast as "Sister" - which is intriguing since she had a brief supporting turn as Tom Cody's sis in STREETS OF FIRE. There's even a female character known as "McCoy", which was the handle of Amy Madigan's tough-as-nails sidekick in Hill's flick. And, yes, there's even a brunette chick named Ellen (though she doesn't appear to be the "first and only love" from Cody's youth). I realize this isn't earth-shattering stuff for 99% of our readership, but I though it was worth passing along to the the twenty or thirty of you who have "Tonight Is What It Means to Be Young" and "Nowhere Fast" on your iTunes. Could this all just be an avalanche of coincidences? Possible, but I doubt it. Whatever it is, I'd much rather have a new Walter Hill movie than an Albert Pyun-directed retread. Thanks again to "Clyde the Bartender" for sussing all of this out. Faithfully submitted, Mr. Beaks