I think a FR movie would be fantastic, but LOTR is taking over everyones mind, and Im not sure if a movie set in the FR world would hold up to LOTR because everyone and their mother would criticize it. "LOTR had elves first, why is this movie trying to copy them like that?" and so on and so forth.
So Im not sure if a FR movie would be the greatest move right now, but I could be wrong.