I just read a movie about the life of Buddha will be coming out in 2008. Apparently the Dalai Lama is some sort of adviser to the project which does not have any mention of Keanu Reeves or Richard Gere.
The movie will be based on the book Old Path White Clouds by Thich Nhat Hanh. Check out the reviews — 36 reviews, all but 2 of them 5 stars (even the other 2 are 3 and 4 stars, respectively). I've not yet read the book, but it seems that people like it.
In the "the universe has a sense of humor" department, I notice that the guy who wrote the screen play for this movie is David S. Ward. IMDB tells me that the last movie this guy wrote was called "Lucifer". Nice.