Observant Compa_Mighty has now written in with more fresh Hobbit news. Word reached our ears months ago that Sam Raimi would direct “The Hobbit,” but everything seemed to be in flux. In the last 48 hours word has traveled fast that Peter Jackson and New Line were at least on speaking terms. IESB.net is reporting (no source named so tread with caution) that Jackson and Raimi may be on the project. Don’t believe everything you read but this story makes a lot of sense. It also seems that Bob Shaye may have been hinting at this yesterday when he said, “I really respect and admire Peter and would love for him to be creatively involved in some way in ‘The Hobbit.’ “ Notice he didn’t say he would “direct” the film but did say “involved in some way”. Anyway, stay tuned as more clues are uncovered.