Jackson's replacing del Toro as director, Martin Freeman is officially playing Bilbo Baggins, and David Tennant and Stephen Fry are rumoured to be getting roles. Fuck yes.
I really hope this movie works.
but del Toro is better director than Jackson
I'm not saying he sucks, I loved Pan's Labyrinth and the first Hellboy. Tolkien's universe just seems to fit Jackson so well and I loved what he was able to do with it in the LOTR trilogy