It's not written up as a treatment yet, but James Marcus and I pretty much have the story worked out (mostly during trips in his car). The Ferris Bueller connection probably isn't going to work but maybe that can be saved for another film.
My goal is to write up the treatment this weekend and maybe sketch out some of the key dialog. I might try out some script editing software too, which reminds me: I've wanted to do a script editing plugin for Eclipse pretty much since 2.0.
The original post was in the categories: filmmaking alibi_phone_network but I'm still in the process of migrating categories over.