@raven24's opinion pretty much lines up directly with mine. The last great live action film was probably the first Pirates of the Caribbean film, though I'd make a strong argument for The Muppets as well.
Let's look at the list of live action films released under the Walt Disney Pictures banner from 2000 and on:
-
Into the Woods - a diluted product that would have been far better served as a PG-13 adult film, not a kid friendly musical
-
Alexander - awful and holds nearly zero relevance to the classic children's book
-
Malificent - CGI overload and half-baked story
-
Million Dollar Arm - Disney's sports movie of the year. Nothing special. Jon Hamm keeps it from being a complete bore
-
Muppets Most Wanted - funny and has some good songs, but underwhelming compared to the Segel reboot
-
Saving Mr. Banks - a film that plays revisionist history and lies about the making of Mary Poppins. Not particularly great, very over promoted by Disney for Oscar consideration
-
The Lone Ranger - lol
-
Oz - a slightly better version of Alice in Wonderland, which was generally awful
-
Timothy Green - does anyone remember this film?
-
John Carter - lol x2
-Muppets - great, namely due to Segel's involvement and love for the property
-
Pirates 4 - ugh
-
Prom - why?
-
Tron: Legacy - a good Daft Punk album.
-
Secretariat - another feel good Disney sports movie. Nothing special.
-
The Sorcerer's Apprentice - Nic Cage movie.
-
Prince of Persia - bad version of the games, why did Disney make a film adaptation of a non-property rated T game series?
-
Alice in Wonderland - holy god this was terrible
-
Old Dogs - awful
-
Hannah Montana - never watching this
-
Race to Witch Mountain - played on FX when nobody is watching. mostly bad.
-
Bedtime Stories - Adam Sandler movie. Guaranteed bad. At least better than Grown Ups.
-
High School Musical 3 - never watching this
-
Beverly Hills Chihuahua - seriously?
-
Narnia 2 - because nobody knows the Narnia stories outside of the first one
-
College Road Trip - terrible sequel to the original. Needed more Sean William Scott.
-
National Treasure 2 - entertaining trash
-
Enchanted - generally clever and well done, but mostly Forgotten (namely due to Disney not wanting to pay Amy Adams for her continued presence as a princess)
-
The Game Plan - this was during The Rock's mediocre kid movie phase, right?
-
Underdog - nobody remembers this movie
-
Bridge to Terebithia - book was better
-
Pirates 3 - about 3 hours too long
-
Santa Claus 3 - about 12 years too late
-
Pirates 2 - about 2 hours too long
-
Invincible - go Cowboys
-
The ****gy Dog - Tim Allen should just do Toy Story and Galaxy Quest movies from now on
-
Eight Below - a less sad Marley and Me
-
Glory Road - typical Disney sports movie. another one.
-
Narnia 1 - because Jesus
-
The Greatest Game Ever Played - another Disney sports movie?
-
Sky High - actually a pretty good family movie. Namely for Bruce Campbell and the Kids in the Hall reunion.
-
Herbie - no
-
Ice Princess - the
hell is ice princess?
-
The Pacifier - kill me
-
National Treasure - entertaining trash
-
Princess Diaries 2 - because we were all curious how this story would continue
-
Around the World in 80 Days - cameo: the movie
-
Confessions of a Teenage Drama Queen - never watching this movie. looks like a bad Mean Girls.
-Miracle - the only great Disney sports movie. Namely due to the great recreation of the Miracle on Ice and the powerhouse Kurt Russell performance
-
Young Black Stallion - never realized this was a movie.
-
Haunted Mansion - embarrassing
-
Freaky Friday - cool. another remake.
-Pirates 1 - awesome.
-
Lizza Maguire Movie - cheap Disney channel cash in
-
Holes - nothing great, but a good adaptation of a great book
-
Santa Claus 2 - why not 10 years after the first?
-
Tuck Everlasting - I forgot what this was
-
The Country Bears - walken
-
The Rookie - typical Disney sports movie. feel good family whatever.
-
Snow Dogs - give your Oscar back, Cuba Gooding Jr.
-
Max Keeble - what?
-
Princess Diaries 1 - decent family friendly comedy. pretty much alienates the male audience completely.
-
102 Dalmations - because money is more powerful than a logical continuation of this story
-
Remember the Titans - cliches: the movie. solid enough, though.
-
Disney's The Kid - I prefer Die Hard
I count three arguably great movies since 2000. Not a great track record.