In today's superbump, I'm reporting that after month of rumours, Guillermo del Toro has officially signed on to direct the films.
So, if this means that the films will be LOTR meets Pans Labyrinth, I'm in!
EDIT: I think now that he film is officially a go, I will talk briefly on who from LOTR is likely to return:
- Ian McKellen has already stated that he is willing to return as Gandalf
- I don't see anybody but Andy Serkis doing Gollum
- I wouldn't be surprised if Hugo Weaving returns as Elrond
In addition, since the second movie is supposed to tie the two stories together any character can come back.