Based on a story by Richard Matheson, Real Steel is probably best described as Rocky meets Wall-E and The Iron Giant. Jackman plays a professional boxer who has to hang up the gloves, and rearranges his life when human boxers are replaced by 2000 pound robots. Our obsolete fighter tries to go with the flow, and becomes a Robot Boxing promoter, but success constantly eludes him because all he can afford are crappy robot parts. Then one day, he discovers a discarded robot who has a distinct gift for winning. Wouldn't you know it, the ex-fighter also discovers he's the father of a 13 year old son, and they bond as their scrappy robot fights his way to the championship.
There's not going to be a lot of surprises with Real Steel (they'll be misfits who find each other, and build a family), and Levy's track record isn't particularly promising. Nor is Hollywood particularly good at adapting Matheson's work to the big screen. But with Steven Spielberg as executive producer (a job which reunites him distantly with Matheson), there might be some hope. Not much, but some. I really wish Jackman would take some time and pick another film like The Prestige or The Fountain, and steer clear of the goofy popcorn concepts.