Bummer

Three Rings for the Elven-kings under the sky,
Seven for the Dwarf-lords in their halls of stone,
Nine for Mortal Men doomed to die,
One for the Dark Lord on his dark throne
In the Land of Mordor where the Shadows lie.
One Ring to rule them all, One Ring to find them,
One Ring to bring them all and in the darkness bind them
In the Land of Mordor where the Shadows lie.

In case you haven't heard, Guillermo del Toro announced yesterday that studio delays at troubled MGM (the same studio responsible for holding up Daniel Craig's third outing as James Bond) have forced him to quit J.R.R. Tolkien's 'The Hobbit,' the planned two-part prequel to the Lord of the Rings trilogy. His quote:

"In light of ongoing delays in the setting of a start date for filming The Hobbit, I am faced with the hardest decision of my life. After nearly two years of living, breathing and designing a world as rich as Tolkien's Middle Earth, I must, with great regret, take leave from helming these wonderful pictures. There cannot be any start dates until the MGM situation gets resolved. They do hold a considerable portion of the rights."

I guess the obvious question at this point is: does this mean Peter Jackson is back in the director's chair for 'The Hobbitt?'