Live-action doramas and such really deserve their own subforum... but they're quite often awful by any standards (kind of like Spanish soaps). I think the only live-action conversions I can think of that were actually pretty decent that I've seen have been:
1) Great Teacher Onizuka
2) Lovely*Complex (and even that I had to take with a big dose of sugar)
3) Honey & Clover
4) Nana
That says more about the few that I've seen than much else. Note that none of them have 'fantastical elements' about them other than plot hyperbole.
There are some amazing japanese films that were never anime/manga -- but that's a whole different topic.
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