The company behind King of Fighters live action movie (Convergence) got rights for Gungrave, action packed anime based on SEGA game by Nightow Yashiro (Trigun) It has impressive anime series since the game has shallow story but I feel kinda queasy about this one. To be fair, I haven't seen any other movies from this company yet so I withhold my judgment until the King of Fighters is out. Who knows, they might turn out to be good. Afterall, DOA movie is a fun romp since it did not take itself seriously. If they captured the spirit of the original media, it should be alright.
Tentatively slated for 2010 release with modest budget of 30-40 million USD.
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