pretty much, there have been a few biopics planned over the years but none ever made it all the way. Andre3000 from Outkast was the most recent candidate to star and that was in 2004. apparently Will Smith, Laurence Fishburn, and Eddie Murphy have all vied for the role in the past as well.
for whatever reasons, the Jimi Hendrix Foundation has consistently refused to allow the use of his music in a film of this nature.
i don't get it either.