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Boiling Point: Twilight
Space Adventures expects by 2012 to be able to send 2 private individuals at a time to the ISS. So if Anderson took himself, an actor, a script, some camera equipment and drafted in some of the ISS crew as actors, making a film is certainly feasible for a cost of something like $100M. (Note that several IMAX documentary type films have already been shot on the ISS and the old Russian Mir space station and those involve big bulky cameras.)
He could supplement filming in orbit with shots made on cheaper suborbital space trips. E.g. by 2011 Richard Branson's Virgin Galactic firm will be flying 6 people at a time at $200k a seat up to 100km for 5 minutes of weightlessness. Also, for $4500 per person the company ZERO-G can provide him with 25 second long episodes of weightlessness on their plane that flies a sequence of parabolas. Some of the scenes in Apollo 13 were filmed in such a plane.
By 2015, Robert Bigelow, billionaire owner of Budget Suites, plans to have his own space station in orbit (see BigelowAerospace.com, he already has 2 prototypes in orbit) and to bring visitors there for something on the order of $15M per person for month long stays. His habitats will be much roomier than the ISS and also, as privately owned and operated facilities, they will be more amenable to commercial operations such as film-making. If Anderson begins developing his story and script now, by mid to late in the next decade, he has a very realistic chance to make his film in orbit for a budget considerably smaller than the big budget films you mention.
Anderson may not ever make a character based film in space, but in the not so distant future, someone surely will.