Unfortunately for those of us who were excited about getting back in the groove with Ulala's Swingin' Report Show, it looks like it may not be. While N-Zone seemed to imply that they'd received an announcement from Sega about a Wii remake of Space Channel 5, a Sega rep told IGN something different.
Specifically, something bad -- they denied the story. This doesn't necessarily mean the game's not coming out -- just that Sega hasn't made any official announcements about it. Combined with Tetsuya Mizuguchi's assertion to Game|Life that he didn't know anything about any new Space Channel 5 games, the rumor is seeming pretty debunked right about now.