"Peter Jackson won't do the Hobbit" was one of the headlines in the Metro (one of those newspapers you get for free) in Finland. I'm very interested to see if there's anything of it in the biggest and most respected Finnish newspaper, Helsingin Sanomat...
I'm both relieved and disappointed by the news. The new director might do it much better, or much worse. I just hope that they hire a director with artistic vision and courage to show it on the screen.
Actually, I'm more relieved than disappointed. I'm not sure if The Hobbit, would have been a film I'd want to see directed by Jackson. PJ is good at doing epic action, and that's certainly not something I wish to see in The Hobbit. Just imagine a PJ-style action fight Bilbo vs. the spiders!

The Hobbit is a fairytale and I want to see a fairytale in the theatres too.