After shotty drawn-out bickering over who can make a movie and who can't, New Line has come to terms with Peter Jackson to make the famed Lord of the Rings prequel, "The Hobbit" (that's the one about Bilbo Baggins, and is totally Frotto-less).

Announcement was made public today. And they have something to work for now with I Am Legend nabbing the #1 opening weekend box office in December ever last week from Lord of The Rings' "Return of the King."

But Jackson is only attached to produce, and no director has been announced. It will be a 2-movie production that will likely be shot simultaneously, much like the original trilogy was under Jackson's direction. The movies are set to release 2010 and 2011, so looks like we'll start the decade off on the right feet with film, yes? That's crazy to think about considering The Hobbit was first published 1937. My parents weren't even a glimmer in my grandparents' eyes.

Jackson was just here in Royersford 2 weeks ago filming another adaption of another popular novel, The Lovely Bones. We can't seem to get enough of this dude.