You may or not have heard that a second Live action Street Fighter Movie is in the works. This movie set the focus on Chun Li and her fight for justice against M. Bison. It's in production now so not that many details have been leaked save for cast members and other tid-bits released on the official blog:
http://streetfightermovie.net/
I, personally, am looking forward to this movie because from what i can tell it's being done right. The cast looks terrific so far and the people working on the movie seem to know the material they are working with and are taking the right measures to make the movie good and enjoyable to everyone.
Ryu and Ken are not in this movie because they believe that those two characters would steal the spotlight from the star of this movie: Chun-Li.
Good choice, plus that makes for kick ass sequels. So I'm all for it!!
An additional interview can be found here: