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The latest classic adventure game to receive a high-def update is none other than lovable loser, barfly and strike-out artist Leisure Suit Larry.

The beloved 1987 adventure game Leisure Suit Larry in the Land of the Lounge Lizards, about one eventful night in the life of a balding doofus looking to find love, is being reworked for modern game platforms by Austin, Texas-based Replay Games, Electronic Gaming Monthly reported on Monday.

Replay studio director Paul Trowe told Wired.com that the team is aiming to have the game finished by the fourth quarter of 2012, the 25th anniversary year of the series. Replay plans to bring the games to Windows PC, Mac, iPhone, Android, Xbox Live Arcade and PlayStation Network among other platforms.

“Our goal is to redo all seven [Larry] games and be the Telltale of the classic adventure gaming world,” Trowe said. “I want to bring all these games back that we played when we were young.”

Trowe, a former employee of original Larry publisher Sierra, is working alongside series creator Al Lowe to deliver an authentic experience.

“Al was totally gung-ho for [the remake] because he gets multiple e-mails a week asking when they’re gonna do something,” he said.

Sierra’s parent company Vivendi merged with Activision in 2007, and since then the future of the classic point-and-click adventure games that made Sierra a household word in the ’80s and ’90s has been up in the air. Telltale Games announced last year that it would create a new series of King’s Quest games.

Trowe said that he had approached Activision about acquiring the rights to the Sierra catalog, but found the Call of Duty publisher’s asking price too high. But Vivendi had sold the Leisure Suit Larry brand to Codemasters, which had let it lay dormant since producing the critically excoriated Leisure Suit Larry: Box Office Bust in 2008.

The new games failed not only because they swapped out Larry Laffer for a significantly less funny main character (his nephew Larry Lovage) but because they ditched the time-tested puzzle-solving, point-and-click gameplay for a series of unfun minigames.

“The number-one goal here is to have a good time,” Trowe said. “All of us have enough money to not go into the poorhouse.”

All images courtesy Replay Games