Yes! The White Council...it would be awesome. I have already pictured the main parts of the movie in my head
First the New Line Cinema logo appears...
Then we see Bilbo and - oh, wait - should we start from Bree when Thorin meets Gandalf?!
Does anyone even have a clue if PJ is really doing the Hobbit? *sigh*
I think they should keep as many same characters from LotR as possible.