I thought Imagi was having money problems?
Anyway I think they should wait till Astro Boy comes out and see how it does before picking more anime/manga related properties.
Pretty horrible trailer. The mecha was nice, but the character designs were all wrong, and the voice acting was terrible. I hope this doesn't get made, though considering Imagi's current financial standing there's a good chance it won't.
Does Imagi have any idea about their financial situation? Considering the way they keep greenlighting films about (publicly) obscure anime series while they're bleeding money, I doubt they'll survive to see 2010.