Yeah the Robocop reboot was a trashy popcorn flick, and I guess you can say that about most superhero films as well but the ones that stand out are more than that.
At this point, I don't think it will go ahead. I reckon they'll just let it slowly fade out of existence and then one day somebody will make a passing comment about how it's gone. I mean, the Deadpool movie didn't go through THIS much trouble, did it? After the Wolverine Origins one, both Gambit and Deadpool had their movie discussions begin, and Deadpool has number 2 coming out already.