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Capcom announced a Lost Planet movie at E3 2008 but the company has remained tight lipped about progress on the movie ever since. It's not uncommon for movies to have lavish announcements and later fizzle out, but Capcom said the movie is still be worked on during a question and answer session at their Comic-Con panel.
Resident Evil 5 and Lost Planet 2 producer Jun Takeuchi responded to a fan's question about the movie's status. Takeuchi said the Lost Planet movie "script is being worked on" but other than confirming the movie was still in development, there was "nothing more we can say."
Maybe Sam Raimi wants to direct this one, too!