Inching closer to The Hobbit film

[Galendor]

Jackson and his life/creative partner Walsh have always envisioned the big-screen adaptation of The Hobbit as two movies. The first would deal with the 80-year old novel. The second, imagined entirely by Jackson and Walsh, would link the conclusion of The Hobbit to the start of the first Lord of the Rings book, The Fellowship of the Rings.

Thanks for the news posts, STW.
I wonder what's this 2nd movie would be about?