There must be another Hobbit

So they are not going to make a new Tolkien movie called "Hobbit"- the first book that started it. Ian McKellen aka Gandalf feels great sadness because of that:

Lord of the Rings star Ian McKellen is considering his own involvement in The Hobbit, after discovering Peter Jackson will not direct the upcoming movie adaptation of J.R.R. Tolkien's classic book.
In an email to a fan Web site earlier this week, Jackson revealed bosses at New Line Cinema had told him he would not be signed to make Tolkien's classic or another Lord of the Rings prequel.
Jackson and his production company, Wingnut Films, are currently embroiled in a legal dispute with New Line Cinema over royalties from the Lord of the Rings trilogy.
And McKellen, whose Lord of the Rings character, Gandalf, also features heavily in The Hobbit, has serious doubts about returning to Tolkien's fantasy world without Jackson.
He says, "I'm very sad as I should have relished revisiting middle Earth with Peter again as team leader.
"It's hard to imagine any other director matching his achievement in Tolkien country."

source: hollywood.com