Bad Lieutenant: Port of Call New Orleans

Sounds like bad satire but it's a film being directed by Werner Herzog starring Nicholas Cage.
Looks like Abel Ferrara lost control of his character or story rights as Herzog is saying this isn't a remake but is "like a Bond film."
Whoa, the latest adventure by that masturbating drug addict bent cop--follow him as he takes you vicariously to exotic locales.
Read the interview with Herzog where he claims not to know who Abel Ferrara is and blusters to hide the total hackdom of this movie project.

Update, June 2016: Herzog's version was pretty good.