Is the narrative remake of 'The King of Kong' still happening?

Apparently it still is, according to Collider (go here for the full story and interview):

Critics who think a narrative adaption of The King Of Kong: A Fistful Of Quarters hit a kill screen should check with Seth Gordon first. The 2007 documentary tells the David vs. Goliath quest for the world record score on the arcade obsession Donkey Kong. Talk of a feature adaptation began almost immediately. Getting it out of development became another matter. Gordon says Kong is definitely on.

We caught up with the director after a screening of his new documentary Freakonomics (made with some of the highest-profile documentary directors in the business). Gordon responded, “You want to see my calendar, the roundtable set up for next week?” He continued, “there’s been a lot of interest from the agencies” and “it’s a “passion project for a handful of people at New Line.” He cautioned, however, “The odds are stacked against it … Just because it’s a movie and hardly any get made.”

-I loved the documentary and can see some potential in this version, but that's just me...thoughts?