Phantagram Interactive has announced that it will develope and publish a massively multiplayer online game based on the film Crouching Tiger, Hidden Dragon! They're also beta testing their current MMORPG Shining Lore.
This may be a rant, but isn't the market for MMORPGs saturated enough? Off the top of my head, we have Myst, Star Wars galaxies, The Matrix, Everquest 2, Asheron's Call 2, Citizen Zero, Final Fantasy XI, Neverwinter nights, and Morrowind in production or just released. I'm sure there are much much more too. Who's going to be playing all of them?