Heh, I am loving how people are saying that they don't care for this or Sonic, and yet a lot of people have commented on this. :p
But all kidding aside, I love Sonic. Yes, he had made many crappy games, yes I liked many of them, yes I still like the character. This project sounds really exciting. I have a 360 and an HD TV so I am set.
If you guys read my review of Sonic 4 you know that I loved it. The game was too short, especially for the asking price, and some of the levels needed work, but I thought it was a step in the right direction. Same with Sonic Colors. Colors did many things right, including a story that didn't take itself VERY seriously like previous titles, beautiful graphics and very fun levels and well implemented mechanics.
I'm honestly believing that Sega is at a point where no matter what they do, they will never win. They could do away with the hipster Sonic design, hire back EVERY SINGLE staff member that worked on the Genesis games, make a game in 2D complete with Genesis graphics and fans would STILL find something to complain. Not saying that Sega didn't ask for this. Those unpolished 3D games did a lot of harm to the franchise. But still, considering how AWFUL the series can be, their recent efforts (sans Sonic Riders Kinect) have been really good.