The Hobbit- 2010

And...Peter Jackson will be producing! Good news! Here's a blurb from CNN:

Two "Hobbit" films are scheduled to be shot simultaneously, similar to how the three "Lord of the Rings" films were made. Production is set to begin in 2009 with a released planned for 2010, with the sequel scheduled for a 2011 release.

Also see info here at the "Official Hobbit Movie Blog aka We-Are-Tolkien-Nerds".

the hobbit peter jackson jrr tolkien lord of the rings