Uwe Boll has actually run out of money to do movies. Far Cry needs to make like a billion dollars for him to turn a profit.
He's funded by the German government so unless they cut him off...
But I agree, a spin-off would be best because everything good about the game revolved around YOU being the main character and experiencing everything outside of your body. Attaching a face to the (ugh) moral dilemmas you face would kind of ruin things.
Besides, Levine's visionary moral masterpiece cannot be experienced by today's modern audience. When faced with the chilling choice of killing little girls... or not killing little girls... fuck, America just isn't ready. It's too deep, man. (btw this last paragraph was a joke in case you didn't get it).