Coming Soon has up what it claims is an official press release from Wingnut Films, detailing a joint decision by Microsoft and Wingnut to delay production of the Halo feature film until such time as they can guarantee they'll be bringing a "first class film" version of the game to screens.

Cinema Blend linked to the story with some additional commentary along the lines of go big, or stay home. Looks like the Chief is staying home... for now.

Until there's confirmation from Bungie or Microsoft we're labelling this one an unfortunate rumor.