New Line Set to Make "The Hobbit" a Reality

From The New York Times:

LOS ANGELES — Goblins, trolls and dragons were a breeze compared with the caustic clash of egos that kept “The Hobbit” in Hollywood limbo for years. But a settlement announced on Tuesday between Peter Jackson and New Line Cinema holds the promise that peace will break out in Middle Earth and that fans could see the first of two resulting movies by December 2010.

Great news! But I must admit I am highly disappointed that Peter Jackson will not be at the helm. The fact that he has final approval over all creative elements is comforting...but it just won't be the same without him. It has become as much his world as Tolkein's.