According to Famitsu, Sega has been filming for 18 months in Russia. Sega? 18 months? Russia? Filming? Reportedly, a live action movie of Valkyria Chronicles 2 for a Spring 2011 release. Get this: there are elaborate storyboards, concept art, and photos of game director Shuntaro Tanaka on location holding a megaphone and clapper board. Very well done, indeed.
You can check out some of the storyboards and such at the link below. Feel free to head on over to see ’em, but know that this isn’t happening!