Carnak puts the evelope to his forehead and says...

NOPE!!!
Inside the envelope was:

20070320.2350: A new TMNT movie, all rendered, opens this coming weekend. Think there's any chance at all that it will be any good?

The studio is 'disposing' of it. Everything I've seen of it so for looks like the studio knew they blew it.
And are releasing it now to cycle it through theaters before ''the summer season''. IF THEY'RE LUCKY they'll manage to break even on the DVD release in October.
If you think I'm kidding, ask yourself this: Where's the product tie-ins? It's a well-established product line.
UPDATE: Whoops, just checked the calender. It's being aimed at grade school 'spring break' in the hopes the kids will put it in the top 5 for opening weekend. I doubt it, but it might actually work. But it still looks like it was intended for a late June release. Complete with a Mountain Dew and a [insert national pizza chain here] product tie-ins. My guess is it tested poorly and they rushed it to theaters in a lame attempt to salvage it.
My hunch is don't even bother downloading it, not worth the effort...