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Online Lord of the Rings communities have been ablaze with speculation over who will direct New Line Cinema's planned two-part adaptation of The Hobbit, particularly after Peter Jackson—who directed the Rings trilogy and was originally favored to direct The Hobbit—announced that he will be producing, but not directing, the pair of movies.

One name has come up in more than a few such discussions: Guillermo del Toro, director of Pan's Labyrinth, the dark, violent, Oscar-nominated fantasy film—and the filmmaker whom many fans hoped would be chosen to helm The Hobbit. Now The Guardian announces that del Toro has officially signed on to direct the two movies.

Del Toro is currently working on a sequel to his comic book adaptation Hellboy, called Hellboy 2: The Golden Army.

No actors have yet been cast in the upcoming pair of movies, and no script has been written yet, due to the continuation of the WGA strike. The Hollywood Reporter notes that the project will certainly be put in the fast lane when the strike is resolved, with filming to begin some time in 2009.

No Country for Old Men wins big at SAG Awards (Baltimore Sun)
Daniel Day-Lewis, Julie Christie also honored

Day-Lewis pays honor to Heath Ledger (New York Daily News)
Dedicates Best Actor statuette to fallen colleague

Oscar-winning Crash to become TV series (Coming Soon)
Best Picture winner comes to Starz; Don Cheadle producing

ION Cinema counts down a hundred must-see films of 2008 (ION Cinema)
Looking forward to Coen Brothers, David Fincher, more

Cloverfield sequel in the works (Variety)
Matt Reeves in talks to direct once again

Walden Media to produce Will musical (Variety)
David Bowie, Lisa Kudrow in talks to star

Genie Award nominations announced (Genie Awards)
Canadian film awards give nods to Eastern Promises, Away from Her

Stone finds funding for Bush movie (Variety)
Dubyah biopic could hit theaters by Election Day

Golden Compass sees double-disc DVD release (High-Def Digest)
Bonus features aplenty; no word on possible sequels

John Cleese joins The Day the Earth Stood Still (IGN)
Monty Python alum recruited by Scott Derrickson

Dennis Quaid cast in G.I. Joe movie (Variety)
Actor playing General Hawk

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