It will be made. But as a comic series first and then into a movie.
You know, I don't know if you're serious or not but I think this is a great idea. I am surprised someone hasn't run with the Godfather franchise in a graphic novel form. I think it could be really successful. Some of the writers in the comic book industry are the most creative guys in the entertainment industry.
I also think it is the most likely medium we see the Godfather universe unfold, other than Winegardner's horrible books.