Earlier quoted context omitted.
It failed and got canceled by Netflix. Now, I know getting canceled by Netflix means little. I gave this show a chance, after being impressed with the intro sequence remake, but found it to be soulless. Maybe Cowboy Bebop just doesn't translate to live action; what seemed charming in the original was played for kitsch in the remake. I couldn't even make it to the last episodes.
It could have been successfully moved into live action, but as the animation was built by creative genius, you'd need the same level of skill for a good live action. Maybe someone like Joss Whedon could have breathed life into it? The show had potential, but the casting was bad, the character design was bad, the writing was bad, the directing was sub-par, and the aesthetic was 75% there which just isn't enough for so…
Joss Whedon has his turn with Cowboy Bebop when it was called 'Firefly' :P