As much as I was in the FPS's back then when this came about I didn't even bother playing through the entire Shareware version of it. The crude humor didn't work and there was nothing appealing about the mismash enviroments.
I don't recall the game getting good reviews and honestly the thing I remember most about it is the negative press with the racial slur it used. So why another company would want to dig that license up is beyond me.
Here's a few FPS licenses from that era that would probably get some interest if they made a game off it: Heretic/Hexen, Redneck Rampage, Blood, Witchaven, and hell even Corridor 7.
Damn....I'd KILL for a new Hexen. That'd be awesome!