After years of speculation & 2 Directors later it seems as if The Hobbit is finally coming along. Here's an excerpt from Guillermo del Toro about the highly anticipated film:
I am dying to share news but I have to be patient and wait until the papers are done and my attachment is real. Nevertheless- a LOT of progress in defining the films, their cast and crew. And, may I add, we are all happily in synch about all creative aspects so far and all willing and eager to move forth.
Rest of the story:
The Hobbit info