Last year I posted about Bioshock and how there were places in the game that remind me of Dungeon Master. Their first game was very similar to DM iirc.
In any case, I recently played Devil May Cry 4 and there are many elements that remind me of how awesome a modern remake could/would be. Of course, there are many differences with DMC4, too. Here I'll just highlight the graphical elements which I think would be awesome for a remake.
Here are some screenshots. Under each screenshot I'll make comments.

That's a very nice fireball effect!!

That's a great looking pickup item for a dungeon. Imagine it sitting in an alcove. What would it do? Wield for thunderbolt power or something, I don't know.


Another really cool looking item. It is sitting behind that metal grate door but there's no button! How do I get it!


A nice looking hallway. Great stone textures and lighting.

A nice staircase and lanturn.

Now we can have much more slimy murky dungeons with modern graphics engines.

Another cool pickup item. It looks just like something that would fit into an inventory slot.

Nice watery & gothic feel here. Ultima Underworld used water better than Dungeon Master but I think it would fit well into a modern remake. Water, done well, adds greatly to the atmospheric and other aspects to a dungeon.

Looks cool. This is what Chaos has been looking for for the past ten years! It is guarded by five dragons, each of which breathe different elements.


This kind of professional quality is what I'd so love to see (in a modern DM-like game).

This is a small ghost that wanders a few levels up from the Stone Golems. It glows and lights its surroundings. In one puzzle you must keep them alive so that you can walk around the trap door pits. Then the fire elementals bring their own light later on..

More murky dungeon.
So the talent and money is out there, we, as a community, need to push a developer to make a *proper* modern remake of Dungeon Master!!