The movie will be made once WB will be sure that the money earned by it will be enough to justify the ones spent to make the movie itself.
Until then, the film is in developement hell

Never going to happen and that's a good thing.

Just asked this question in another thread...

I would like to know its status, last thing i heard was it had a budget between $40-50 million and then Kevin Tanchareon left the project.