David Ready and Michael Finfer are slated to produce the movie alongside Peter Chernin, Mike Ireland and Ryan Horrigan. The project still doesn't have a director or a screenwriter to spearhead it, so nothing is known about the plot.
Fox has been blasted for its recent box office bomb, the remake of Fantastic Four, but is looking to make it up to the fans with another work-in-progress, Marvel Comics' Deadpool. So far, they're on the right track.
Meanwhile, this will not be the first time Capcom delves into the realm of film, as 1994 saw action film legend Jean-Claude Van Damme play Guile in Street Fighter: The Movie, which despite being a commercial success was critically panned, but gained a cult following due to its negative points having comical appeal. There was also Street Fighter: The Legend of Chun-Li in 2009, which was even worse for casting Kristin Kreuk--a Caucasian--as the titular heroine who is obviously Chinese.
Hollywood has failed to translate the fighting game colossus into a silverscreen juggernaut--twice--due to deviating too much from the source material. Let us just hope this won't be the case for the Blue Bomber.
So while we're waiting for the Rock Buster's movie project to bear fruit, why don't you watch the low-budget, yet resource-material accurate Megaman fan film released by
Blue Core Studios in 2010 in the meantime?
Man of Action makes Rockman cartoon, slated for 2017
In the realm of American cartoons, Megaman first appeared as a pint-sized support character in Captain N: The Game Master in 1989 and then in the Ruby-Spears loose adaptation in 1994 that featured an adultified Roll and the "Scooby-Doo"-fied Rush.
Japan had a three-episode OVA (original video animation) entitled Rockman: Hoshi ni Negai wo (Wishing Upon a Star) in 1993, aimed to be an educational material teaching elementary schoolers about Japanese culture. Here the viewers see Rockman jump out from the game to put a stop to Dr. Wily's nefarious plans of world domination while discovering the cultural wonders of the Land of the Rising Sun in the process.
Rockman X (SNES), the first of the Rockman X spinoff games that takes place a century or so after the Classic series, was enhanced in 2006 in a remake for the PlayStation Portable entitled Irregular Hunter X (Megaman Maverick Hunter X). The game featured an OVA entitled The Day of Sigma, serving as the prequel to the events that took place in the game. Another
Rockman spinoff, Rockman.EXE (GBA, DS), also had its representation in television when its anime series ran from 2002 to 2006.
Things are looking up for Rockman in the realm of television and film, but STILL we have yet to see the light shine on for a new, full-fledged Rockman game. Looks like we'll really have to rely on Keiji Inafune's Mighty No. 9 for that.