Like yourselves, many of us here have been getting more and more excited by the news that the Hobbit, whether via one or two movies, seems to be gradually drawing closer to production. The news that Jackson and MGM studios were in close talks and that production could begin as soon as 2008 or 2009 was particularly promising.

The news of New Line's apparent veto is cutting. What does it mean for the viability of the production? Will anyone back two films if Jackson is not directing? Who are the alternatives anyway? Will WETA still do the FX, and will the production be based in New Zealand? And will actors such as Ian McKellen still want to come on board?

A few of us are discussing these things in TheOneRing.net's IRC channel. If you to care to join us, simply drop in and join us through our java chat using your browser. Alternatively, point your favourite IRC client to our server:irc.theonering.net and join #theonering.net. Come along and vent and discuss. All we request is that you do so politely!