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It isn't really. The Submariner has never ceased production since it's introduction as far as I'm aware, so it's been a constantly evolving design. No recreation here.
JB-
You’re right, it is still in production since the first one, even thought the original look nothing like the current one.
You could argue that the current submariner is more a dress watch than a tool watch (even thought it is technically a tool watch) not too dissinil To the current 62MAS reissues.
edscoble
If you wanna be all techinical, the current submariner is a homage/reissues of the original!