Lord of the Rings geeks have reason to rejoice this morning. According to the The Hollywood Reporter, fanboy favorite Guillermo del Toro (Hellboy, Pan's Labyrinth) is currently in talks to direct the two-part adaptation of The Hobbit, based on LotR author J.R.R. Tolkien's follow-up to his acclaimed fantasy trilogy. It's a welcome development for Tolkien aficionados, the majority of whom would likely list del Toro as their second choice to helm The Hobbit after LotR director Peter Jackson, who has opted for Executive Producing duties on the highly anticipated pair of films.
Del Toro is currently hard at work putting the finishing touches on Hellboy 2: The Golden Army, which opens July 11, 2008.