No, it's not a real movie. But it is an awesome video. :)
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Sometimes I think that Uwe Boll is our generation's Andy Koffman and every bad movie he makes, every claim that he's a genius, and every time he boxes critics is simply a joke at our expense.
Other times I think maybe he's just insane.
That said, if there's any game that would be perfect for Uwe Boll to convert into a movie, it's Contra. The entire series is it's own satire in how ridiculously over the top it is. The story is a living joke, and anything Uwe Boll added to it would only make it more hilarious.
...Except setting it in the middle ages...
Not since Gérard Depardieu's "Bogus" have I anticipated a movie with this much... anticipation.