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I would say 2010, if they gave it to PJ tomorrow. That's not likely, though. I think we could well have another year or two before Jackson is finally given the director's job. By that time, New Line may or may not be a part of the discussion. So 2011 or 12 (for a release date, that is) doesn't sound at all unrealistic to me. That would probably fit with PJ's schedule better anyway; he's rather busy right now.
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"If you're referring to the incident with the dragon, I was barely involved. All I did was give your uncle a little nudge out of the door."
THE HOBBIT - IT'S COMING
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