No, it's not an April Fool's joke, though don't let the production value of this trailer fool you: this is most definitely a parody. It's not the first Pac-Man movie trailer to arrive online (remember this one?), but it's definitely one of the better made trailers - complete with quick swooshing cuts and a Saw-inspired story that kinda makes you interested in what happens next. I'm pretty positive we'll never see a real Pac-Man movie (or at least not one that's live action), so these parodies are nothing more than some harmless fun to help pass the time. If I were to fault directors Patrick Brady and Allyson Schettino in any way, I'd say that their ghosts weren't freaky enough. Should've upped the ghost factor; thrown in a gruesome ghost killing and upped the weird level to about an 11. Right now it's an 8. Overall, though, good job.
The synopsis: Pharmaceutical CEO Michael Pacman is forced to take his own dangerous medications in order to survive a maze designed by a sadistic patient out for revenge. This 2-minute trailer satirizes and skewers Hollywood's love for taking video games with barely any plot (e.g. Street Fighter, Mortal Kombat, etc.) and turning them into abominably bad feature films. In this trailer, Pacman is given the "Saw" treatment - enter a dark and disturbing world filled with pellets, ghosts, and yes, Pacman.
Watch it over at Cinematical.