I've heard rumors that Legendary pictures are planning on making one, if true lets hope it's not like other Video game converted to movies. Though personally I hope it happens, obviously they can't fit every little thing that happened in the video game, but rather they could just have Shepard in the movie do the main objective rather then all the other side quests irrelevant to the story.
Making a succesful game into a movie or show is rarely a good idea. For example [yt:2pe7aw9q]kj3aArNUADk[/yt:2pe7aw9q]
Yes oh god yes, Mass Effect with someone stupid like Jason Strathman (or however its spelled), bring back the horrible 90's action flicks.