A quote on Ain’t It Cool News has been posted under “Of Incomplete Stories Regarding Spiderman And The Hobbit” and is from a source named “Derek”.  For those who are familiar with Peter Jackson’s Bad Taste, the character of Derek was played by Jackson himself.  When Harry Knowles asked “Derek” whether he was directing, he said:

No, nothing has really changed – I’ve always said that me directing was one option, and so that’s not really news. The studio are working out what that deal would look like, because how else do they know if it’s a viable option? But it’s honestly one of several different options – many irons are in the fire right now. What’s of great concern to everyone right now is trying to stay on schedule and not slip back another year, because we will start losing people – and that’s increasingly difficult as each day passes.  A lot of people – both film makers and studios are working very hard right now, trying to get a positive outcome here.”

It appears all sides are pushing feverishly to get The Hobbit moving as quickly as possible.  Time is of the essence though hurdles obviously still remain.  Stay tuned to TORN as updates and news continues to unfold.