Ben Solovey, a college pal of mine, has been HD remastering the legendarily terrible Manos: The Hands of Fate (1966) for nearly a year now. He somehow managed to get his hands on the original camera negative at an auction. Since it's in the public domain, there's nothing preventing Ben from doing what he's doing. Take a look at his site to see the painstaking effort he's making to get this thing done.
Manos is a movie immortalized by its lambasting in a 1993 episode of Mystery Science Theater 3000. Shot in West Texas on a shoestring budget, it is a horror movie from a legendary era in genre film. Even though it may not be any good, it is an important part of independent cinema history.
For a couple of months now, I've been aware of a British indie developer making an 8-bit style touch game adaptation of the movie. Thanks to a post on Mashable, we now know it has an iOS release date. Expect a review from me at some point.