According to EA, this remaster includes all DLC from the Year of Paradise, including the Big Surf Island update. If you want to plop down your money right now, you'll be able to pre-purchase Burnout Paradise Remastered for the PlayStation 4 & Xbox One via the game's official website quite soon.
Criterion Games, a studio owned by EA, announced today that Burnout Paradise Remastered will be coming out March 16, 2018. It was the last title in the Burnout series to date despite Burnout being about a billion times better than your Forzas and Gran Turismos and whathaveyou. Thankfully, it won't be long before players can revisit Paradise City: the remastered game is launching on consoles on March 9th.
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The Xbox 360 version of Burnout Paradise is backward compatible on Xbox One. "Relive the high-octane stunts and wanton destruction of one of the greatest arcade-driving games ever!" This includes the world extension Big Surf Island that players can explore, and when the PC version launches will be the first time it is available on the platform. EA Access members can get in on the game early on March 9th via the Play First Trial.
"When people think of Criterion Games, they often remember the Burnout franchise and for good reason". This pretty much confirms that Burnout Paradise is coming out next month, on the PS4 at least.