Here is the trailer for the film, and it looks nothing like I remember from the game at all. Partially because it is only based off the game world and takes place in a separate part of the world and protagonized by two totally different characters. But hey, it is based off the game. Not to mention written and directed by the game designer Keiji Inafune. So it can't be all that bad, at least if you dig the subtitle thing.
In the end, we'll just have to wait and see how it all pans out. But until in hits XBox LIVE and the official site later this year, below is the trailer to help you make up your mind on if you will waste your time watching it.