I came across this recent interview with Uwe Boll where he mentions it:
@Play: Let's talk about your movies. BloodRayne is being released this fall, and you have four other video game-based movies in the works. Do you plan to push ahead with all of these projects?
UB: Absolutely. We're working on Dungeon Siege right now, and we have a great script for Far Cry done already and we're hoping to go into production next year. We're looking for the star right now. I'm sure we'll get a big star I'm hoping for The Rock.
Fear Effect needs a little more time. We are not quite sure what direction we're going to develop it in. EIDOS just released news of Fear Effect 3 and I've been trying to get them to tell me about the story because I'd like to know the game's story before having a screenplay written.