Looks like Halo, the Movie's chances just got a helluva lot better:

The Oscar-winning creative team behind the "The Lord of the Rings" films, including director Peter Jackson, has been named to run the production of the upcoming film based on Microsoft Corp.'s blockbuster "Halo" video game, the company said on Tuesday.

Jackson and his wife, Fran Walsh, will serve as the executive producers for "Halo," which is targeted for worldwide release in mid-2007 by Universal Pictures and Twentieth Century Fox film studios.

Now, having seen Meet the Feebles (under protest, mind you), I know that Jackson is quite as capable of making a turkey as anyone else. But, considering his recent track record, I'll mark this one down in the "plus" column.