One of the most agonizingly delayed geek movie projects is back on the fast track, if reports are to be believed. New Line Cinema worked out a deal to put the movie out, despite financial turmoil at co-owner MGM. And yes, Peter Jackson will be directing. Production is set to start in February. Update: Warner Bros. actually put out an announcement that Jackson will start directing The Hobbit in February, so it's official now. [The Wrap]
I think The Hobbit is a little too fairy taleish to translate well to live action. I'm afraid things like the way Bilbo outwits the trolls are just going to look silly. How about a Scouring of the Shire movie? That's honestly the only part of the books I really enjoyed reading after the hobbits reached Rivendell in The Fellowship of the Ring.