I have heard of a possible future release and some good news. I'll cut and paste the whole paragraph from the discworld monthly newsletter.
Quote:
* From: "Alex Beaumont"
*
I know I keep sending letters to Discworld Monthly but I believe I
have genuinely exciting news. I work in a bookshop and today I
checked to see if there was a release date for "Making Money" (my
colleagues laughed at my squeal of delight). In the list under
"Terry Pratchett" as author I saw a book due to be published in
April 2008 called "The Colour of Magic: Illustrated Screenplay" by
Terry and Vadim Jean (more squealing ensued). Can it be true that
they are making a Hogfatheresque version of the Colour of Magic.
Has anyone else heard any rumours?
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So it looks like the next film may have been decided.