That's a direct-to-DVD movie, not a TV movie or one for the theaters.

The movie was announced in 2005, and now Babylon 5 creator/writer J. Michael Straczynski confirms that not only is there a movie coming this year but it's just about done. The film has been shot and now they're just working on post-production stuff (title sequence, music, special effects, etc). He tells the Babylon 5 newsgroup that the DVD will be released around July 27.

I never watched Babylon 5, and I always thought I missed out on something good. Straczynski is a good writer, and I know that Harlan Ellison was involved in the show too, so I should really get the DVDs. The movie will star Bruce Boxleitner, Tracy Scoggins, and Peter Woodward.