  You're missing the point entirely. First off all, Disney WILL continue to make live action films. After all, Miramax, Touchstone, Hollywood Pictures, and Jerry Bruckheimer are all owned by the Walt Disney Corporation. A movie from those companies is a Disney movie, no matter how you slice it. Eisner still cuts the check. Second, he did not announce the end of live-action production, just a moratorium on gigantic sized budgets.
This, I add, is a very prudent decision. Disney still makes successful mid-level films, with this year's Miracle being a prime example. Thirdly, Around the World in 80 Days is not a Disney flick. It was an independently financed European film, which Disney distributed. Get your facts right. You spoke in length about the quality of all those old school, nickel and dime Disney flicks that Kurt Russell was so prominent in.
What you neglected to mention, was that those were TV movies, made for the Wonderful World of Disney Sunday night. That was why they were so cheap to make. None of them were feature films. And while I agree with you that the company should get back to making smart, inexpensive films that cater more to story than to CGI, I do not agree that they should relegate themselves to making Movie of the Weeks. Disney is gonna lose Pixar because Eisner doesn't like CGI animated movies. He thinks he can be the savior for hand drawn animation.
His fault is not in the format, but in the story. Pixar films are successful because they focus on story and character, and mold the medium around it, as opposed to the Mouse House that does the complete opposite. This is a bad time for Disney. Eisner has run them into the ground, spending money on poor movies with no heart. It sad, too, because when the studio does luck on with a film, it's a phenomenon (Hello Pirates of the Caribbean). For most of the 90's Disney was the highest grossing studio in Hollywood.
They took chances on small films, focused their money on concentrated blockbusters that were filled with big talent, and sat back to count their money. I don't want them reverting to the early 70's. Those small cheapie flicks were fun and well intentioned, but they couldn't fly today. CGI is what sells; big is what sells. Disney can do those things as good as anybody, but they need a creative team behind them. Things could not be worse for Disney.
The Fahrenheit debacle was just the start of a mass exodus of talent and energy from the studio. With Pixar talks stalled, and the Weinstein’s grumbling about leaving to go to 20th Century, Disney is in a tailspin that only a humongous movie can save. Let's hope they have it in them, or you ain't getting your Kurt Russell movies, Truthbringer. You’re getting nothing but sequels to The Princess Diaries and bad Eddie Murphy movies. I'm not a religious man, but I think it may be time to get on my knees and pray for the safety of Walt Disney's beloved company. 
