'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. (More)