Or will it be live-action? Though a live-action film could be more costly and more time-consuming (in which case it wouldn't be what Film Ick thinks is Gilliam's "I can do it in six weeks, just knock it out," project he's been talking about), it wouldn't be the first of Hewlett's cartoons to be fleshed out. The 1995 film Tank Girl was based on his and Alan Martin's comics. Still, I'm not sure many investors would be interested in gambling with this production -- though I would love to see Del tha Funkee Homosapien follow in Ice-T's footsteps and appear in some ridiculous makeup.
Considering Albarn also stated that the "band" is no longer making pop music, there's another question as to what direction the film will go in, if not musical. Hopefully somebody will come forward with some answers to all these questions of mine very soon. I can't wait to hear about more specific details.
More on Gilliam's future projects:
Terry Gilliam is Hoping for Good Omens
Terry Gilliam to Direct Potter?
Gilliam Does Dick
Is Terry Gilliam Going Back to His Don Quixote Movie?