Dunno if they would make it...
in this post-Sept11 world: a small bunch of heaviliy-armed malcontents rebelling against the duly recognised government? Sounds like a bunch of Terrorists (capitalised because that's how TPTB see it, these days) to me.
Unless of course they make the Federation obviously Arabic and have all of Blake's 7 played by Americans - with a suitable back-story of how the Evil Terrorists took over and a stalwart crew of red-blooded "Umerkins" carries on the resistance...
I suppose that if there's any funding from the USA at all, Blake and Avon (or their new counterparts) will be played by Americans or at least have American accents as you cannot have anyone but an American in the lead, no matter how "British" the show might be.
Of course, they could go for the "Famous Five remake" model which not only has one of the main characters being (you guessed it) an American, but put in a multi-racial crew from all the acceptable (non-Middle Eastern) countries.
I'll reserve judgement and give it a watch (if it doesn't get canned for being "potentially too sympathetic to Terrorism").
What I'd really like to see is a redoing of the finally episode of series 4.
I hated that episode. Not because they killed off the crew (with the possible exception of Avon, as we have no proof of who was shooting whom), but because they'd spent the series really getting the characters defined and then they all acted out of character in the last few minutes in the midst of a minor ambush that should not have troubled them - Ex-Military Del Tarrant breaking cover to get shot, Vila using his famed cowardice to get close enough to disarm the traitor (great!) and then just standing there like an idiot (DUH!), Avon standing around like a stunned mullet in the midst of a fire fight, Dayna NOT having some fiendish concealed weapon to bring to bear (she has explosive chewing gum and more weapons than the USAF, FFS). Seriously, I was wondering what these nongs had done with the REAL crew of the Scorpio.
I would like to see a properly done remake of Blake's 7 with a decent budget - provided they got the right actors and stuck to the ideas and interpersonal dynamics behind the original. Dunno how much hope we have of that, though.