For those jonesing for
The Hobbit: The Movie, steel yourself for more waiting.
This article on aintitcoolnews.com indicates that PJ & Co are targeting an adaptation of
The Lovely Bones by Alice Sebold as their followup to
King Kong.
Even discounting legal difficulties with the rights, I'd reckon the new project tacks at least a year onto the wait for a possible Hobbit movie.