Better question: Would Nintendo let a Pokemon movie be made in the first place? Of course not.
And yeah, the video could easily be fan made, but the graphics looked too well done/cheesy to be done in someone's spare time.
qftJust out of curiosity...even if this were real, how would it "ruin your childhood?" Frankly, I LOVE bad live action movies based on franchises I love...it just reminds me of how awesome they are.
Even if this were real, it wouldn't affect how great the games are or how much fun the first season of the anime was. And like I said, I wish it were because it would be a great laugh.