Fans of the Lord of the Rings films will be happy to hear that Peter Jackson's production company and New Line have finally worked out their outstanding legal/financial issues, and that Jackson (and wife/partner Fran Walsh) will executive-produce two films based on The Hobbit. New Line already has a web site up with the official announcement: http://www.thehobbitblog.com/ Writing and preproduction will begin immediately. They hope to start shooting by 2009, and will shoot both films simultaneously a la the trilogy. While it is a bit disappointing that Jackson is saying (as of now, anyway) that he won't direct, there is bound to be outstanding continuity of approach, writing, cast, production design, etc., with the LOTR films. So bring on the two Ians, and digitally de-age them as needed!