Is the latest Bruce Spence (Mouth of Sauron) film 'Queen of the Damned' damned to a 'straight-to-video' release?

Aint it cool news is reporting that this may be the case. [More].

Meanwhile, my buddies as Corona are saying we will see this Anne Rice book come to the silver screen. [More] (Scroll to the bottom).

So which story is true? Time will tell...