Guillermo del Toro, director of the Oscar award winning Mexican film Pan’s Labyrinth, is directing the Hobbit, which will come out in two sets. The first instalment will be released next 2010 whilst the second will be released the following year - at least according to iMDB (which can at times, not be all that accurate).

  Peter Jackson (director of the LotR trilogy) and Fran Walsh are excecutive producers of the two films which will also be set in New Zealand.

   I’ve seen Pan’s Labyrinth and it was pretty damn wicked, although the ‘monster’ was slightly laughable when he used his hands as eyes. I believe this will be a thoroughly marvellous film as well, because del Toro is a brilliant master when it comes to films.

I got my information here as I’ve been practising my Spanish (it’s in a state of disgrace at the moment) so it would be best to Google it for more information.