For sure they might try to send a c&d, but it wouldn’t have any legal standing. Whether you have the funds to fight frivolous bullshit like that is one thing, but you can’t get a c&d in the first place if you never put your art out. Even then, all you’d have to do is stop distributing it yourself, but at least it’d be out there
Are you misreading “preparing” as literally any writing?Even that Wikipedia article goes into fair use. Let’s plays are potential infringement because people make money from them. There’s stuff like that one Switch emulator that got taken down a while back because it had a direct effect on Nintendo’s ability to sell hardware. But there’s also stuff like PokeMMO which has been allowed to persist because they don’t actually distribute any Nintendo code and Nintendo isn’t selling those games anymore.
What effect on the market can there be for a fan remaster of a 20 year old game that isn’t for sale anymore? Hard to argue that doesn’t fall under fair use.