According to Gamasutra Legendary Pictures has acquired the rights for a Mass Effect movie. The article states:

BioWare parent company Electronic Arts said Monday that Legendary Pictures acquired the theatrical feature film rights to the Mass Effect science-fiction series. Warner Bros. will distribute the movie worldwide under a co-production and co-financing agreement with Legendary.

After a little research I ran across the Legendary Pictures Press section of their website which confirms Gamasutra's claim.

As most video game converted to movies have shown us ... Legendary Pictures is walking a fine line. I have high hopes for them, but at the same time the past failures of other films keeps ringing in the back of my mind.

What do you guys think? Lots of web sites are reporting that Mass Effect has tons of depth and there are lots of elements to build on. The issue comes in when they start "building" on those elements and start translating them to their "taste". As long as Uwe Boll doesn't direct it ... I think we'll be good to go! ;)

Here's some more information from other websites for your review:

Gamasutra
Film School Rejects
MTV

Comment and let us know your thoughts!