While we still have no exact answer to that, Chris Metzen gave us a small update on the film in an interview over at vg247 published yesterday. When asked if a considerable amount of time was being spent on the movie, Metzen replied, "I wouldn't say "considerable" at all just yet. We've been through a number of story meetings, and we're still kind of getting it together with Raimi and his team and jamming on themes that we want to chase."
Sadly, the interview didn't reveal many specifics, but Metzen responded favorably when asked if he was concerned about dissappointing Warcraft fans: "Nobody wants to screw it up: we all want to hit it hard and have it be something that is as resonant and canonical as it can be. But given what Warcraft is, with all these moving parts, we're going to have to take some liberties here and there. I'm under no illusions about that fact ... "
It's hard to draw any new or concrete conclusions from the interview, but it's good to see that the movie is still being talked about. WoW.com will keep you updated as we learn more.