It's been in the works since 2003. Killer Films picked up the film rights and that's ALL that has been announced publicly.
Who knows what kind of issues relate to the film regarding the John Rando/direction copyright, too.
"The Spectacle has, indeed, an emotional attraction of its own, but, of all the parts, it is the least artistic, and connected least with the art of poetry. For the power of Tragedy, we may be sure, is felt even apart from representation and actors. Besides, the production of spectacular effects depends more on the art of the stage machinist than on that of the poet."
--Aristotle