Update: The L.A. Times is reporting that, according to the ubiquitous "people familiar with the situation",
The Hobbit is
close to going forward and may get a green light within the next few days. The same people say that this little dust-up with the unions is "close to being resolved".
Has there ever been a project that has had more rumored starts? Reminds me of a recent headline in The Onion: "Script Has Been Floating Around Hollywood for 75 Years".