This shit sounds pretty fucking leet. Any movie that has Englund, Hodder and Tony Todd in it (even if its just cameos but I'm pretty sure Hodder is the bad guy) is off to the races already... trailers look ok as far as teasers go:
http://www.hatchetmovie.com/media/trailer-tribeca.wmv
http://www.hatchetmovie.com/media/orig-trailer.wmv
plus special effects is done by Carl Buechler who has worked on tons of shit (Reanimator, some of the F13s abd Halloweens as well as a ton of other stuff)