With no release date yet, the fan-made remake of Unreal named Unreal Redux looks like it's really coming along nicely. Epic Games won't be doing their own remaster or remaking any time soon, so it's up to the community to show off what a classic Unreal the FPS actually is.
Calling it a remake doesn't quite do it justice though, as technically it's mod as it's still being made for the original Unreal with Unreal Engine 1 thanks to the community OldUnreal patches.
See their latest trailer below:

Direct Link
More from the official site:
Unreal Redux is a fan made project to remake the game Unreal which was released in the year 1998. This remake will stay close to the original game but will be enhanced with new features.
Unreal 1 was revolutionary for its time and the Redux version will transport the player back into the past to revive the unique feelings and emotions conveyed by the original game.
This remake is based and runs on Unreal Engine 1 which is extremely enhanced by the new oldunreal’s 227 patch. Therefore, the remake is able to catch the flair and atmosphere of the original Unreal while beeing improved with new visual effects and gameplay mechanics.
The insane weaponry of Unreal becomes more visually stunning than before and gives now the feedback that they are kicking asses for sure!
Unreal Redux will be a new experience to everyone who is stranded on NaPali.