You guys are looking at this unrealistically. I will outline precisely what is wrong.
First off, the game was bad. It had terrible mechanics, and nobody sane actually wants to play it (except for the mindless followers/fanboys/girls, and they're not sane to begin with).
Second of all, changing it is out of the question. Companies just want to make a quick buck, and won't invest any time recreating it. You want HD? They just put an HQ4X filter on the game and call it a day. The only exceptions I've seen are Bionic Commando and Street Fighter whatever, which were good games to start with.
Thirdly, if by some miracle they did invest time in making the game better/remaking it, by the time they finish the Michael Jackson hype would be all gone. They would miss the opportunity to cash in, and lose a lot of money.