Slated for release in 2008 is a live-action Speed Racer movie, directed by the Wachowski brothers of “Matrix” fame. Video after the break. Click here for first picture in gallery.

Speed Racer stars Emile Hirsch as the aspiring race car driver Speed, who, with help from his family (Mom and Pops played by Susan Sarandon and John Goodman), his girlfriend Trixie (Christina Ricci) and a little chimp named Chim Chim, builds the unstoppable Mach 5 and teams with the mysterious Racer X (Matthew Fox) to win the death-defying, cross-country rally known as The Crucible in order to save his family’s business and beat the evil Royalton at his own game

[via Autoblog]