^ I agree. A mini-series, preferably on a cable network like FX or HBO (in other words, a network that wouldn't shy away from intense storytelling), would be a great idea. I'd prefer it to be "a stepping stone" to a potential ongoing series, though, rather than a film series. Of course, there's no good reason a television and film series couldn't exist concurrently; the Halo universe is rich enough with possibilities, I think. Halo Legends would seem to be a small step, albeit in the DTV market, towards that sort of idea.
Also agreed. A Halo miniseries with an adequate budget could delve far more deeply into the Halo mythos than a single big-budget movie, which by definition will have to primarily focus on massive battle scenes and effects (and, of course, will inevitably be filmed in 3D).
Not that I wouldn't like to see said film, actually it could be pretty great. But Halo has established a rich universe and I'd love to see it mined for some really good episodic storytelling.