[darktruth]

Well I've seen one manga to live action type of film and that wasn't actually made by Hollywood, that was City Hunter starring Jackie Chan and it was a Hong Kong movie. I'm not sure if there's an anime for City Hunter but when I saw the live action version adapted from the manga, it was pretty average to be honest but part of the film was quite hilarious (a certain scene involving street fighter characters lol).

Also there's a Hong Kong live action film of Initial D based from the anime as well, so it's not only the US that are "taking" an anime that's distinctly not theirs, but I haven't seen it though. I think it's considerate to look into asian films as there tend to be more live action films based off manga and anime than US films, I've hardly seen a live action Hollywood film that's fully based on either an anime or manga but I do see that they do get part of their ideas from it.

While we're on this topic as well, there's also a live action film version of the Perfect Blue anime and that was made by the Japanese but from what I've read from those who've seen it, they say it's quite bad and doesn't live up to the anime version.

So overall I'd say live action film adaptations from either an anime or manga is not a wise idea regardless of which countries are making it. I'm not totally against it but I'm speculating it'd take one hell of a task to truely pull it off and make it as good as the anime/manga was.