It's official! The Hobbit will be made after all, via 2 films and an anticipated first release in 2010. Man oh man. I can see it now. A 5 movie marathon in some far off future on HBO or TNT or even at IMAX. Naturally, the forums at TORN have exploded. This should keep the fans busy for months, at the very least.
I am glad Jackson and New Line came to terms. It will be interesting to see what he does with The Hobbit. I hope whatever he does, he does well.