After months and months of speculation, it's finally been confirmed that Hellboy director Guillermo del Toro has officially signed on to direct both The Hobbit and its as-yet-untitled sequel. Variety reports that del Toro, currently hard at work putting the finishing touches on Hellboy II: The Golden Army, will soon be packing up his belongings and moving to New Zealand, where he'll spend the next four years making the films with the help of Lord of the Rings demigod Peter Jackson and his WETA wizards.
The recent announcement throws one heck of a monkey wrench into del Toro's already packed schedule of upcoming projects, including a possible third Hellboy movie. Somehow I think the fanboys will find a way to forgive him.
Source: Variety