I think the hollywood machine dictates that it can't be a small art film. There is simply too much money at stake. It will be interesting to see what survives. Unless we have no Willisms or hell nawss to look forward to in this 1
it depends on how much creative freedom they get from warner bros. and, first of all, in what fashion they wanna tell the story. batman begins, for example, while costing more than 150 million dollars, was really an intelligent character- and plot-driven movie, made in the fashion of an arthouse movie (while still being a blockbuster). i think there CAN be art in huge hollywood blockbusters, it just depends on the script and talent involved.
on the other side, entertainment is an art (to me), never forget that. having said that, i do have sum doubts about i am legend.