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From WickeDT

Announcements: The Hobbit Movie Update

Shooting The Hobbit is set to begin in New Zealand in July. Looks like Ian McKellen will be back as Gandalf and Guillermo del Toro will direct as we had heard before. And, following the sucessful formula from LotR, both Hobbit films will be shot back-to-back.

What I'm not sure of is what they're saying the breakout of the films will be. It looks like the first film will be an adaptation of The Hobbit but the second will be an original story focusing on the 60 years between the book and the beginning of the Rings trilogy.

Not sure I like this.