Mac and Me is a 1988 cult classic that was a blatant rip-off of E.T.: The Extra-Terrestrial. It is heavily criticized due to its heavy similarities to the latter film, as well as its blatant use of product placement from brands like McDonald's (in the film most of the time), Coca-Cola, Sears and Skittles.
In my opinion, Mac and Me should never have a reboot, never in a million years! The main reason in this opinion is the pervasive use of Ronald McDonald and the way Mac looks; he looks like a Britney Spears if she got stuck in a time warp and into a frying pan!