Well, it looks like New Line finally decided to pay up to ol’ PJ to get him involved in The Hobbit and a sequel. I’ve never seen any of the LOTR movies, but I’m sure that some of you here have and would like to know this. It’s unclear if he’ll be directing, but so far we know he’ll be producing. It looks like they’ll be filming it all at once again, with releases in 2010 and 2011.
http://www.scifi.com/scifiwire/index.php?category=3&id=46530