Wow, this has gotten bumped down. We now know that Peter Jackson is producing, but not directing. Guillermo del Toro will be directing both films.
Recent news is that they have decided to make both films based on The Hobbit, instead of one on The Hobbit and the other on various bits to bridge the two.
“We’ve decided to have The Hobbit span the two movies, including the White Council and the comings and goings of Gandalf to Dol Guldur,” says Del Toro.
“We decided it would be a mistake to try to cram everything into one movie,” adds Jackson. “The essential brief was to do The Hobbit, and it allows us to make The Hobbit in a little more style, if you like, of the [LOTR] trilogy.”
Sounds good to me! I was a bit wary of the “Bridge Film” idea.
By the way, LOTR-wise, has anybody seen The Hunt for Gollum? It’s a fan film made for about $5,000, based on Aragorn’s hunt for Gollum. It’s watchable online for free at: thehuntforgollum.com (warning: it’s definitely PG-13 for violence/gore/orc blood)
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“'The hour has come!' said the Badger at last with great solemnity.
'What hour?' asked the Rat uneasily, glancing at the clock on the mantelpiece.
'Whose hour, you should rather say,' replied the Badger. 'Why, Toad's hour! The hour of Toad!'” -- Kenneth Grahame,