announcement found on wikipedia...i know it's not reliable for many topics, but this sounded pretty accurate..argue all u want..but...this is wats been told...
"On October 15, 2004, three years after the game's release, a soundtrack containing the game's music was released alongside the soundtrack to Devil May Cry 2. Plans for a PlayStation Portable installment,[39] tentatively titled Devil May Cry Series, and a live action movie adaptation[40] have been announced, although it was later confirmed in 2009 that the PSP adaptation of Devil May Cry was officially cancelled in a 1UP.com article. According to the Internet Movie Database, the film may be released some time during 2010. However, nothing else has been released beyond their announcements."