i think eventually they'd like to. Full moon kind of disappeared for a while (became shadow entertaiment) then Shadow disappeared it seemed....
last I heard was that Denice and Ted were buying the rights (i think they got them but not positive) From Charles Band for the Subspecies movies (that was back in november). So it looks like they still want to make it ;) Anders is supposed to be in a play starting sometime next month though ...
It does look like Denice and Ted still want to go ahead with the movie though at some time in the future.
and the other week i found out full moon does have a new site up called Full Moon Direct
http://www.fullmoondirect.com/index.html