We knew they'd buckle, but they sure took us for a ride! All have settled their differences and PJ will be producing (not directing, but we're still campaigning.) Even if he doesn't direct, we trust him to keep continuity between LOTR and the Hobbit movies. Yes, movies. There will be 2! Read more here.
Now, if you'll excuse me, I have to go change my underwear. This news took me rather by surprise LOL!!