Merrick here...
A while back, we ran an interview with V creator Kenneth Johnson. In the piece, he talks about about the creastion, development, and future of the franchise. Here are those reports: PART 1, PART 2, PART 3. One of the potentialities Johnson discusses in the interview is a V feature film. The mighty El Mayimbe over at Latino Review has nabbed a copy of Johnson's feature script, which is more or less a spec script to be shopped around at this point. The verdict?

The story worked 25 years ago and still works today. The lead characters, the central conflict and the overall plot are extremely similar to INDEPENDENCE DAY and V FOR VENDETTA and in fact V: THE MOVIE could be pitched as those two mentioned rolled into one. Drawing upon the major Orwellian themes found in the aforementioned films, while coupling it with a blood thirsty hostile alien race looking to steal earth’s resources and enslaving mankind, the script is no doubt HUGELY commercial!

...says El Mayimbe in his spoileriffic write-up, which you can find...

HERE!!!

Mayimbe says he also possess a copy of this script's sequel and will share its details at some point...so be sure to check back with LR for the latest. Personally, I don't thnk we have enough allegorical SF on screens these days and the notion of more V sends me into sloppy Geekasms.