I think Hasbro is deluding themselves if they think all these various properties can be adapted to the big screen. They should work on cartoons for the new Hub network and then, if they come up with a good premise, see about adapting them to the big screen.
Some of them already had cartoons so it's not like that would be a stretch.
Between the 12" Joe and ARAH versions, ARAH makes the better choice for film, but I think Hasbro could leverage the Adventure Team into a successful movie franchise as well. Adventure films like Indy, the Mummy films, National Treasure; they did decently at the box office and have their fans. I even liked Sahara. Why not base a franchise along those lines with the AT?