I was really disappointed when I heard this a few days ago. Maybe it's like Nogrod says - Del Toro was too good for this. It would've just been very interesting to see his Middle-Earth: I think he's the kind of director who has enough vision of his own that he could "save" the jacksonified Middle-Earth. I'm not expecting that from any random blockbuster/fantasy movie director...
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Like the stars chase the sun, over the glowing hill I will conquer
Blood is running deep, some things never sleep Double Fenris
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