While I am in the camp who find the Hobbit irritating in its style when I go back to it now but it is still a great story and while i would have loved tolkien to have written an adult version - a full version of the "Quest of Erebor" as glimpse in Unfinished tales, I am delighted personally that Peter Jackson will not be directing
The Hobbit and I hope that it will be taken on its own terms.
While, I think that the "artistic impression" of the LOTR films were their great strength, Tolkien's own pictures for the hobbit are so memorable that I hope that they will inspire whoever does make the film. I also hope they go easy on the CGI ......
The Hobbit does have it's darknesses - but most good children's fiction does. I hope it is done as a family film and not souped up - I really don't want to see Bilbo liberating the dwarves as some Die Hard sequel