Peter Jackson has announced that The Hobbit will be spread over three films instead of the originally planned two. Jackson says that in addition to the book, material will be drawn from related appendices of The Lord of the Rings.
Predictably this decision is drawing a mix of praise and criticism. On Jackson's Facebook announcement most of the fans are happy, but less so in other areas of the web.
For my part I'm dubious. I feel that in King Kong Jackson showed some weakness in not knowing when to move onto the next scene. I fear this may be more of the same. It's one thing to take the time to tell the whole story, it's another thing to get lost in the details.
Time will tell and I hope I'm proven wrong.