Titanic II...Good Idea or Bad?

Australian Billionaire Clive Palmer has commissioned a Chinese company to build a Titanic II ship to the exact specifications of the original Titanic. However, he is promising to have "state-of-the-art 21st century technology and the latest navigation and safety systems". That's all well and good, I mean that should be the LEAST he can do, right? But naming the ship Titanic II and building to the same specifications the original had, I think that's very bad!! Because, we all know what happens to a ship built with those specifications. Right? So, I hope nothing happens to his ship, but if it does, I told you so, is not good enough. Because more lives will be lost. So please Clive, DON'T DO IT!!!