The two biggest box office hits of the moment, Michael and The Devil Wears Prada 2 , are unique as “period flashbacks”; they are, at once, of the present and the past. Could they be the model for a new genre? If so, would filmgoers revisit that model for an updated All the President’s Men ? Fifty years ago audiences were riveted by that thriller that focused on two relentless newsmen, played by Robert Redford and Dustin Hoffman, who were digging into the seedy mysteries of the Watergate scandal. Several name filmmakers believe they could today create a contemporary political procedural to play against the drama of the Jeffrey Epstein scandal. The stakes of political drama in a Trumpian era might prove enticing to audiences — studies in the abuse of money and power. Scripts and budgets await decision. President’s Men was a hit both at the box office and the Oscars but it faced serious obstacles along the way. The script was lacking in action and romance.…