Just read a few of the articles you guys have posted. My opinion of PJ just dropped so much. He sued them??? What? How could he?
Anyhoo, I think if the Hobbit does ever come out, that I'll probably go see it, but I won't exactly be excited about it. They better the Ian Mckellen to play gandalf, and various other characters that were in LotR otherwise I just think it'll be weird, lol. Although, Ian Holmes may not be up to playing Bilbo in that time of his life ^^; So changing Bilbo's actor I can understand.
I still think they may just drop it. Even though it has an awesome plot that'd be great for a single film.