The Hobbit is Happening

Looks like the poor box office receipts for The Golden Compass have a golden -- er, silver -- lining. New Line, the company that hoped to have another Lord of the Rings type success with the Phillip Pullman series, has apparently decided to go back to the real thing. It has kissed and made up with Peter Jackson, who will co-executive produce THE HOBBIT and a sequel. I'm sure the hobbits will have several feasts in celebration.