This small blurb from a recent article at the Yahoo! Entertainment news section.

New Line has committed to make all three parts of ``The Lord of the Rings'' trilogy. While the films are not slated for release until 2001, 2002 and 2003, respectively, the move signals a desire to get into the studio act of event filmmaking -- something that didn't work with ``Lost in Space'' in '98.

First, the release dates are seemingly wrong. Yet the final 2 film release dates are not set in stone. Second, who ever said that 'Lost in Space' was an event film?

Thanks to Sith Sunstorm for the tip!

Source: Complete Yahoo! Article