Good news for mankind. A friend of mine, John Alan Simon, has just finished directing this. It's a low-budget picture (and that's a virtue, IMO), featuring some known actors (Shea Wiggam from Wristcutters plays Phillip K. Dick) and a bunch of unknowns, along with Alanis Morisette, who contributes an original song to the movie. He's done an interview with Ain't It Cool news about the picture, which should run in the near future, and he hopes he can finish the FX and editing in time for this year's Cannes Film Festival. One way or the other, it should be viewable in the states by mid-year.
I'm stoked to see this. John and I have talked a lot about the movies, and he appreciates quality. From what I know about John and his commitment to good writing (he also wrote the script), I'd be shocked if this wasn't one of the two or three best adaptations done of Dick's work. Here's the IMDB link: