I remember when I first saw the trailer for the game back in '98 or '99 time frame. I was so excited for it and was looking forward to playing it. When I found out it was not going to be released I was pretty upset as it looked like a ST game that would be different than anything we had seen at that point (and since I think).
An animated version would definitely be cool and I would buy it in a heartbeat, but I don't see it happening for reasons others have pointed out. We can all hope though.