BC is great and all but PS360 gen games are so goddamn awful looking and performing these days that a Remaster is preferable.
Games like God of War 1-2 really deserve a remake though, even if it was just to the fidelity of GoW3 that would be awesome.
Devil May Cry 1 would benefit from a remake too, expand the gameplay with styles and such, I want that since it had the best setting/music in that series.
So yeah theres definitely a place for both.