I have stopped watching the live-action Cowboy Bebop after about 5 minutes, so much of it was spared.
The same production company (Tomorrow Studios) is currently making the live action One Piece, which, ironically, could be more detrimental to live-action anime than Cowboy Bebop was.
The reason is that even though the live-action One Piece is not something I'd consider live-action _anime_, it's actually quite good and is definitely well received, which may cause producers to adopt its formula, and stop researching alternative adaptation paths.