Didn't see this mentioned anywhere and thought it best placed here. I'm going to quote from ANN, since i can't be bothered to type it out but:
i thought this was quite interesting since i'm a big fan of the game series myself, the films though where a waste of time, but i'm hoping this works out well.
CAPCOM and Sony Pictures Entertainment of Japan have announced on October 29 a joint project to produce Biohazard: Degeneration, a fully computer-animated film in the Biohazard horror franchise (known as Resident Evil in North America and Europe). Sony Pictures Entertainment of America has already produced live-action films based on the franchise. The computer-animated movie will be an original story. The videogame franchise established the survival horror subgenre of games and have sold 33 million copies worldwide. Each of the three live-action films have earned over 100 million dollars in worldwide box office receipts.
i thought this was quite interesting since i'm a big fan of the game series myself, the films though where a waste of time, but i'm hoping this works out well.