There is a sound as though a million geeky voices cried out with relief. Peter Jackson is back on board The Hobbit - not as director, but as exec producer, which is better than a poke in the eye with a pipe full of Longbottom Leaf, even if I'm extremely dubious about two films from the book.
John Scalzi has the press release. Sounds like New Line
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PS: When are we seeing you in CT? We require firm dates.
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The Hobbit I: There
The Hobbit II: Back Again.
Though I don't see how you can make it two coherent films either.
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