Peter Jackson to direct The Hobbit, after all.

Good news for those who like the Lord of the Rings trilogy: it sounds as though Peter Jackson will direct The Hobbit and the oddly-conceived "prequel" movie set between The Hobbit and The Fellowship of the Ring (you know, where J.R.R. Tolkien didn't think to write a book). It just won't be done by New Line, the company that produced the trilogy of movies. Their rights to do movies from the books expire sometime next year, and when the rights revert to producer Saul Zaentz, he'll bring back Peter Jackson and all his crew, and do it up right.