Despite what your friend from college who never really moved past his love of Super Nintendo (or in some circles, "Super No-Friend-o") tells you, there has never been a good cinematic adaption of a video game. Sure, we all loved looking at Kylie Minogue in "Street Fighter," and there's something to be said for the sheer bizarre insanity of that "Super Mario Bros." flick, but it's fairly inarguable.
Any fan of video games will also tell you that the reverse is true, in that there's never been a really great game based on a movie (sorry "Ghostbusters").
Well the guys over at Tomfoolery Pictures may have figured out the formula. If you start with good source material -- in this case Paul Thomas Anderson's 2008 critics' darling "There Will Be Blood" -- you can get a pretty great 16-bit video game experience.
Eight bits just wouldn't do it justice, and 32 would be overkill.