Competing Developments
Concurrent with The Second Coming was Glen A. Larson's movie proposal. This would have revived BSG as a feature film, centering around the Battlestar Pegasus, set after its appearance in the TV show, and consistent with Galactica 1980.
The project that got the go ahead was the re-imagining of the original series by Ronald D. Moore, which was greenlit as a miniseries by the Sci Fi Channel.
Now, a new movie is being prepared, based on the 1978 TV series, but it is not a sequel to that series, and is set to be released in 2013.
Read more about this topic: Battlestar Galactica: The Second Coming
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