I think you both
davem and
Sauron the White are mature enough to see that the New Line will not make
A Hobbit film to make an artistic avantgarde film or to offer the hard-core fans something they would rejoice in! A Hollywood film-studio would not finance a film by Bergman, Pasolini or Taviani brothers this day - they would not finance a film by Welles or Kubrick either. The days of these real or more challenging movies are just gone because today a movie needs to make money and not to be a good movie. That is sad indeed.
The time of the lowbrow cash-magnets is in. Nice effects, easy drama, non-existant characters if they just look good to the teens (just think of Elijah Wood or Hayden Christensen), black and white arrangements, easy plots not to puzzle anyone not to talk of making one uneasy about her/his everyday life, worldview etc. This is what you will get accept it or not.
Whatever comes from that Hollywood-mill is something standard entertainment PJ managed to turn LotR into. Now seeing he's on charge of the project just verifies any foresights that it will be much of the same.
Yes, the films by PJ looked and sounded great. I have no complaints about that. But the film on
the Hobbit will be at best only looking good as they will restrain Del Toro or anyone taking the task with some pretty clear rulings that will appeal to the standard US. teen-audiences who haven't got the slightest of the book but wish to see more of that nice epic their friends liked as well and seeing of which allowed them to be on the edge on those days it was the talk of the day (which will change in two weeks or something)...