The word up at the Wired blog is that Guillermo del Toro who directed Hellboy, The Orphanage and Pan's Labyrinth and other cool flicks is going to be a the helm of The Hobbit, produced by Peter Jackson's production company.
That sounds like a good combination to me, and it's nice to hear the film is back on track after legal wrangling between New Line Cinema and Jackson.
In celebration Wired posts an old Leonard Nimoy performance of the Ballad of Bilbo Baggins. Though I know many J.R.R. Tolkien fans disavow it, I've always been fond of the Rankin and Bass animated version of The Hobbit and in particular the main title theme sung by folk great Glen Yarbrough.