OO wow, awesome. I was only into Anime for a short time, but when I was, the original was definitely the best around. The live action has some potential, although only time will tell I guess.
The problem is going to be is that they'll probably try to grab the biggest audience they can and go for a PG rating. Considering that the film adaptation is rated R, well... it won't end well. The only thing that gives it promise is they're drawing from the manga instead of directly from the animated film; which though a classic in its own right, did condense quite a few things.
I'm interested in the manga now. I only read book #1, then stopped. They were like $25 each, and I just don't have that kind of disposable income.
EDIT: Are these out of print? There are "new" copies of Book #1 on Amazon fetching $100+, although it looks like you can get each one used for about $15.