Derek Bown, a creative writing student in Brandon's class, has taken the time to ask Brandon a few questions about the upcoming Mistborn movie.  He discusses what might have to be cut from the movie, and director, composer, and actor choice among other things.
Brandon believes the books have to "happen in film, by necessity" and clarifies that the contract with Paloppa Pictures covers the entire trilogy. He also speculates about movie length, feel, similar films, and adaptation requirements. Finally, Brandon confirms that a release date is not yet under consideration.
To read the complete interview please check out Derek's blog at:
http://burninglizardstudios.blogspot.com/2010/02/brandon-sanderson-mistborn-movie.html

Brandon Sanderson tweeted twice on Monday about the progress of Mistborn movie production:

"Got a note from the producer on the Mistborn film this weekend. First draft of the screenplay is done. Huzzah!"

"Remember, Mistborn film is still far off. After screenplay, attaching director/talent/studio would be next, and it’s a hard step to take."

To follow Brandon on Twitter: Brandon Sanderson
Mistborn Movie Guide: Its promising news that a first draft of the screenplay has been completed and shows the producers' resolve to move the project forward. I agree with Brandon, however, that it is still early in the process and the hardest decisions are still to be made. One can only hope we will get more updates like this in the near future!