Variety reports that Fresnadillo is still in talks, and that it all becomes official if Bioshock's maker, Take-Two Interactive, agrees to the decision as they must approve the choice of director. But the decision indicates they are shaving that budget, and they are determined to make the film overseas. Universal is also determined that this won't turn into another Halo incident. (Although I think we all agree that any disappointment that caused District 9 was very much worth it, right?)
It has to be a huge disappointment for Verbinski, who dropped Pirates 4 to tackle Bioshock, and really seemed to love the project. (Perhaps Verbinski will find himself in a similar Cinderalla situation as Neill Blomkamp!) Of course, the big question remains as to whether all of this talk is even worth it, since we know what game adaptations are generally like. A lot of hopes are being pinned on Bioshock, and let's hope a few of them are fulfilled.