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Link: http://www.aintitcool.com/node/35108
New Line and Peter Jackson have apparently patched up their differences. So, it looks like "The Hobbit" will be on celluloid and done properly. Woohoo!
I'm trying to figure out this comment though:
The deal includes another film to be made that takes place between the end of The Hobbit but before LOTR.
I can't think of anything completed by Tolkien, even in "The Lost Tales", that would fit in there.
(Via Kottke)