As per the press-release Mega Man will be adapted into a "live-action Hollywood Film for the first time!", which makes more sense when you add "and last" in there at the end. Not to say that a Mega Man live-action film would be bad, but based on the series long history of so-so animated fare - Mega Man's cutesy, bright-blue looks will be hard to pull of any other way.
Called Mega Man, the film is to be written and directed by Henry Joost and Ariel Schulman - the directing duo behind Paranormal Activity 3 and something called Nerve. 20th Century Fox amd Chernin Entertainment make up the production and distribution companies behind Mega Man, with the addition of Masi Oka, the Japanese guy from that show you forgot existed called Heroes, on board as a producer.
Based on the influential and globally beloved Mega Man franchise, Capcom aims to appeal to a diverse audience, including not only game players but action movie fans as well, with an adaptation that maintains the world of the Mega Man games, while incorporating the grand production and entertainment value that Hollywood movies are known for.
Right. Anyway, we'd love for this to, you know, end up being good. Like the fun that is Mega Man 11, which we'll be bringing you our review of soon.