I really like the idea to hire Del Toro. The only thing I regret is that it hadn't been Del Torro who shoot LOTR, while PJ should have been perfect for the light mood of The Hobbit. Del Toro is a black wizard of despair, who knows everything about hope beyond hope. He is a master of monsters as well. I was cought by the Fawn's Labirinth at once, though it is defenitely not very holly-woody. So I'm really curious about what he can do in (not with) Middle Earth.
As for two movies I can't see any credible possibility to make them of The Hobbit. Where they are going to finish the first one? In Beorn's land? It's going to be a strange stop because nothing is really resolved there. And after the victory over Smaug there is no enough events to make a proper movie.
What looks clear to me is that there should've been five, not three parts for the LOTR: 1) Escape to Rivendell; 2) The Ring Goes South; 3) Two Towers; 4) The Seidge of Gondor; 5) Farewell The Third Age. Each of them has approximately the same amount of things to happen. Just my oppinion, anyway.
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