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It is unknown if the movie will be made or not. A script has been written, but the studio feels it is too expensive. Peter Jackson has taken some interest in directing the movie, but he is not pushing the project forward.
Recently, Bungie announced the movie is not dead, but it will not be released on it's predicted date (2009).
There is and Peter Jackson(Lord of the Rings, KIng Kong) is the producer. However no actors have been cast, but I think the script is finished being written. It may come out in a year or two. Very little is know about it.
It's half true. The project exists, with Peter Jackson on board to produce, and is slated to be released in 2009, although right now the project has halted for some reason.