It wasn't long after everyone understood that the LOTR movies were really good that people started wondering if Jackson was going to do The Hobbit as well.
About a year ago, I heard a pretty solid rumour that Jackson had decided to do it. This was from a friend of my girlfriend's who works for Paramount and was at a dinner/premiere thing in New York where basically the entire cast and Jackson were there, etc. Anyway, someone at Jackson's table asked if they were going to do The Hobbit. Jackson answered that they were, but it was going to take a few years as he wanted to finish King Kong and another unnanounced project.
Since then, there have been several other statements by Jacskon to the affirmative. However there has not yet been an official announcement so I guess maybe this still qualifies as a "rumor." Anyway here is some other supporting evidence: http://derhobbit-film.de/indexengl.shtml
So, it's coming... eventually. My only big worry is that Ian McKellan (who is now 66) will still be hale and hearty enough in a few years to play the more rambunctious Gandalf of the Hobbit... I can't imagine finding another actor to play him. That would really suck IMO.
Otherwise, I just can't wait for this movie even though it's still years away and not even in production yet, LOL! Till then, I can spend many a night thinking about how freaking badass Smaugh will look.... Ahhhhhhhhhh. One thing film history has definitely not had enough of is COOL dragons. It's gonna be so awesome!!
**OH yeah, and for those who are still unaware, WETA is making a series of Chronicles of Narnia movies in production right now: http://www.apple.com/trailers/disney/thech...arnia-fte2.html