"Clonus" is an obscure cheapie with a fascinating premise, best known now because of the ridiculing it took in a "Mystery Science Theater 3000" episode. Viewing ["The Island"] after the ["Clonus"] will make you do a double take.
In Bay's movie, the closely monitored, mod-clothed, naive residents of a futuristic colony win a lottery to go away to a promised land called "The Island."
In "Clonus," the closely monitored, mod-clothed, naive residents of a futuristic colony are chosen to go to a promised land called "America."
In both movies, a male resident goes on the run when he discovers that the promised land is a lie, and that he's part of a colony of clones being grown to harvest their organs when the rich human originals ail. Both feature an evil scientist keeping his project a secret from the public at all costs by sending assassins after the runner.
(Via Metafilter, which has much more