"As was previously confirmed, we deeply regret that both Universal and Fox did not choose to move forward with financing the Halo film under the original terms of the agreement. At this time Peter Jackson and Fran Walsh, along with their partner, Microsoft, have mutually agreed to postpone making a feature film based on the Halo video game universe until we can fulfill the promise we made to millions of Halo fans throughout the world that we would settle for no less than bringing a first class film to the big screen. We are fully supportive of Director Neill Blomkamp's vision of the film. Neill is a tremendously gifted filmmaker and his preliminary work on Halo is truly awe-inspiring. While it will undoubtedly take a little longer for Halo to reach the big screen, we are confident that the final feature film will be well worth the wait."
Whether or not you believe it when corporations say that they're "doing it for the fans," it's heartening to note that the movie is not canceled (though AICN isn't so sure). Then again, oftentimes, movies that take forever to develop eventually fall flat (D&D, anyone?). At any rate, we'd speculate that you won't see any Halo movie before 2008. But hey, at least they're finally rolling out new info about Halo 3, right?