No, they're not rebooting Terminator 2: Judgement Day with wrestlers.
Although, in fairness, that doesn't sound like the worst idea in the world. We'd totally watch Ric Flair as the T-1000. Hell, we'd watch the Naitch in anything.
This small video is for the upcoming WWE 2K16 game which has a playable Terminator character as a DLC character.
In this shot-for-shot remake, we see familiar faces like Dean Ambrose, Daniel Bryan, Paige - but strangely no Hulk Hogan. Wonder why that is. COUGH. COUGH.
Anyway, here's the video. WWE 2K16 is available from October 30th of this year and you can Arnie when you pre-order.