A commenter reports that the inevitable has happened: the Transy Four are about to get their movie. W Magazine notes this month (the URL is not working at the moment) that documentary filmmaker Nanette Burstein is adapting the November Vanity Fair article about the boys.
I'm working to get more information.
[Update: Here's the W Magazine piece. Under "Director's Next Project": "A feature adaptation of a December 2007 Vanity Fair story about college guys who steal rare books." Yup, sounds about right.]