You have to create characters for this film, and unless I am wrong character rivalries in Wipeout Fusion were not on the "Plus" side of the game, or so I've heard. It would be very hard to have a movie just about racing and the big corporation, people need a man to identify with on the screen, a "hero" of some sort, as well as a problem he must face.

That's why I still think a movie about Wipeout would be unsuccessful, because I just cannot see what could be created to fill in these gaps...