Good grief. According to this Hollywood Reporter story, producer Beau Flyn has optioned a 2006 Wired article on the spectacular rise and fall of Gizmondo with the intention of making a movie.
The article, obviously, focuses on "colourful" Swedish character Bo Stefan Eriksson. He's the guy that headed up the ridiculous handheld, the one that totalled an Enzo at 160mph in Malibu and has been in and out of US and Swedish jails for such niceties as embezzlement and kidnapping.
More through there. Thanks, Kotaku.