I liked the first one well enough. It didn't bore me to tears, (Metaphorically anyway) like the games and it wasn't choking on its own sci-fi like the games.
I'd probably just do a Dallas and have Alice wake up after the first one and the rest was a crazy dream. And that Matt guys name would be changed to Chris Redfield and not be turning into a monster. After the obligatory 'It was all a dream' I'd show the destruction of Raccoon City. Or something. As long as there are zombies and no Tyrants or Nemesis's I would watch it.
And I would jettison Mila for a new actress and just have fans accept it. Or not, they'd watch it no matter what I did if the third one is any indication.