- Peter Jackson is executive producer.
- Two "Hobbit" films are scheduled to be shot simultaneously.
- Production is set to begin in 2009.
- First part will be released in 2010.
- Sequel scheduled for a 2011 release.
UPDATE: Fran Walsh is on board too! (theonering.net) Now we just need Howard Shore for the score and WETA Workshop for the set design and animation.