'Speed Racer' directed by the Wachowski Brothers (for 2008 release).
Update: Trailer is out, added below!
Emile Hirsch in full 'Speed' gear, Rain (South Korean pop sensation Bi) about to knock Speed out, the Mach 5 car on a crazy psychedelic racetrack, Christina Ricci and everyone else in funny haircuts -- it can only mean one thing: Speed Racer pictures from the upcoming Wachowski Brother's(The Matrix Trilogy, V for Vendetta) anime to live-action movie adaptation. Trying out what they're calling car-fu - 'kung-fu with cars' - it seems they got the pop-visual look of the 60's cartoon down pat. The movie will be Rain's English-langauge debut, and also stars Susan Sarandon and John Goodman as Speed's parents, Mom & Pops Racer. Gotta love the straightforward naming scheme.

Pictures of Rain, Ricci and more (plus the trailer) after the jump.

Emile Hirsch as Speed, Matthew Fox as Racer X, Ji-hoon Jung as Taejo Togokhan. 'Speed Racer' directed by the Wachowski Brothers (for 2008 release).
Emile Hirsch as Speed, Matthew Fox (From TV's Lost) as Racer X, Ji-hoon Jung (Rain) as Taejo Togokhan. Look at their hair!

Emile Hirsch as Speed, in 'Speed Racer' directed by the Wachowski Brothers (for 2008 release).
Strange to see a clean-shaven Emile Hirsch after seeing his prehistoric-man-beard in Into the Wild.

Christina Ricci as Trixie, 'Speed Racer' directed by the Wachowski Brothers (for 2008 release).
Christina Ricci as Speed's girlfriend Trixie.

USAToday has the full story and gallery with more pictures.

via Cinematical

and now the trailer: