For better or worse (depending on your leanings!), Shaye and New Line are again negotiating with PJ (as Mithalwen confirmed a few posts before), despite the fact that Shaye vowed earlier not to have anything to do with him. Here's one of the many stories out there in recent days:
http://www.rottentomatoes.com/m/1000...t/news/1662251.
But while some of these suggest Peter Jackson will direct, others claim he will confine himself to producing with Sam Raimi tagged as director. I assume that New Line is under a lot of pressure because of their recent financial problems and the fact that the clock is ticking down.....