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There's a Lost Planet movie in development. The voice of Solid Snake and co-writer of the Watchmen movie, David Hayter, is working on the screenplay. When Billy Berghammer spoke with Lost Planet 2 producer Jun Takeuchi at GamesCom 2009, however, we learned the Lost Planet movie won't actually be based on the storylines featured in the original Lost Planet or the upcoming sequel.
"[There] probably [won't be] so much of a reference to this particular title [Lost Planet 2]," explained Takeuchi. "However, the only thing I know is those people working on the project that they love the world of Lost Planet. So, we know that they’re going to utilize that world, but as far as the story line goes, the movie is completely different from the game."
Takeuchi also revealed that Keiji Inafune, the creator of Mega Man and a guy overseeing much of Capcom's development these days, is working on the movie. Inafune has been involved in the planning of both Lost Planet games and is collaborating with the folks creating the movie, as well.
Outside of a few comments made by Capcom staff, there hasn't been much said about the Lost Planet movie since it was announced at E3 2008.