I own the original Wolfman with Lon Chaney Jr. (whose grandparents are deaf btw)... and still love watching it. By today's standards the story is a bit... campy but honestly the acting is well done and the make up for the day was very good considering what they had to work with. Bud Westmoreland was the make up artist supreme back then.
It would be inevitable that the monsters of universal studios would get a make over. Eventually Frankenstein will get remade (not counting "Mary Shelly's Frankenstein ... starring Robert DiNiro) and I would not be surprised to see The Creature From The Black Lagoon get remade as well.
The Mummy got it's treatment and did very well.
Eventually we're going to see 1950's monsters get remade over, Giant Mantis, Tarantula, THEM! and so on... sigh... so much for original ideas coming out of Hollywood.