Originally Posted by
Skizzit
The movie is simply titles Prometheus and while it did start life as an Alien prequel, it is much more a stand alone movie now. It will take place in the same universe and will reference the Alien films but may not be a direct prequel now. Really, there is very little info on it as the people in charge are doing everything they can to keep it a secret for now. Only time will tell. I would recommend not expecting to see the classic Alien creatures show up in any form until you hear otherwise or you might be disappointed.
As for it not being made, it is in post-production and that means the only thing left is editing and setting the sound track along with finishing touches. There is even a release date of June 2nd 2012, but who knows how accurate that is.