Dont think they will, but they MIGHT ,but if they did, who do you think would be good?

Great question. I have to think about it, but I do know that you would definitely have to have Jack Black cast as Bluto.;) Others I would cast would be:

Luke or Owen Wilson as Otter
Thomas Lennon or Alec Baldwin as Dean Wormer
Jake Gyllenhall or Topher Grace as Larry "Pinto" Kruger
Ben Stiller or Adam Sandler as Donald "Boon" Schoenstein
Ashton Kutcher as Greg Marmalard
Rainn Wilson as Kent "Flounder" Dorfman
Freddie Prinze, Jr. as Robert Hoover
Matthew Lillard as Doug Neidermeyer

Those are good choices!