I heard about this on 6Music yesterday. It's a good idea to keep it's memory alive, especially with the club's legacy being as vast as it is, it could be forgotten about. That said, it feels like it's just a cynical cash-in on the name. It could be an excuse to put on manufactured bands or indie landfill.
When I wrote for a Greenwich based magazine, my publisher and some mutual friends asked me if I was interested in going to a rave. "Isn't that a bit late 1980's?", I asked. Jamie, who would become the bass player for Klaxons chipped in: "It's a revival." I even wonder whether the ravers have ended up like the Teddy boys, just another nostalgia movement. Even Jamie said "new rave" was a joke. It could go the same way with CBGB, just a nostalgia movement or a joke.
Look at the Hacienda in Manchester, it closed due to problems with organised crime and is now a posh block of flats. No different to CBGB being supplanted by a posh boutique, which means the these venues (IN my opinion) are key to driving gentrification. IN New Cross, There is a pub called The Montague Arms, where I used to drink, which closed recently. A fairly well known music venue with some really awesome decor, such as stuffed deer heads, and it's sad to see it go. I glimpsed a local paper to see that it closed. It's sad, but as Johnny Thunders said: "You Can't put your arms around a memory."