Yeah. I love the original movie and like the musical version which I don't consider a remake.
But - I wouldn't want a sequel for it. I don't think anyone would ever want a sequel for it. There are some genres that aren't meant for sequels and usually, romantic comedies and musicals top that list.
Just look at the musical history, and not counting the High School Musical-franchise (which is the exception for the rule), you find almost no musical sequels. There are very few and those always fail - Grease 2, anyone?