SE is calling it a re-build. There's no release date yet.
I wouldn't exactly call it award winning, but I liked the game for it's quirkiness and most importantly, I enjoyed playing the game.
I should clarify Nier:Replicant is being re-built, but it's the version that was never made available in the west. Nier: Gestalt is the one I'm familiar with, although I heard the stories are similar. About a father/brother trying to find a cure for his sick daughter/sister. A story for our times you might say.