So, shooting has begun, and no, I didn't typo the thread title, it will apparently be a 2-parter.
The cast looks promising, and there have been a couple teaser photos posted by Peter Jackson:
The Hobbit: Part 1 (2012) - IMDb
I personally haven't read the Lord of the Rings trilogy, but dug the movies. I have, however, read The Hobbit a few times, and love it, and can't wait to see it on the screen. I think Martin Freeman will be awesome as a younger Bilbo Baggins.
Yep, lookin' pretty good. They got Ian McKellan back as Gandalf and Andy Serkis as Gollum and a few other key actors playing their roles in both pieces of work.
Interesting to see Peter Jackson insanely skinny again.
I'm looking forward to these. I hope they do as good a job on these as they did on LotR.