This summer sees two major films coming out based on toys of the 1980s: Transformers: Revenge of the Fallen and G.I. Joe: The Rise of Cobra. Someone has assembled some short trailers depicting what some other toy based movies would look like, if other prominent directors took them on as projects. They must be seen to be believed (unfortunately, embedding is not working):
Personally: John Carpenter’s: Alf and Peter Jackson’s The Smurfs were my favorites.