Teaser trailer:
https://youtu.be/JsY3_LbOPMwThis is looking more promising than I expected. I thought it would look like a bad joke compared to the excellent anime version, but the live-action movies may stand their ground against it. My only concern is the conspicuous lack of 3D manoeuvre gear footage, but this is only a teaser, after all.
Japanese movies started looking especially cheap and amateurish when digital videocameras started being used. It was like the entire Japanese film industry forgot what cinematography was for several years, but I think we can call that phase pretty much over. There have been some gorgeous-looking movies coming out of Japan in recent years. Rurouni Kenshin comes to mind, and this looks like it will be another. Visually, at least. The big question is whether it will nail the inherant drama of the series.