Or no Hobbits at all...

[davem]

Bit more here http://www.vfxworld.com/?sa=adv&code...=news&id=22202

including the interesting snipet

The Tolkien Trust is a U.K.-registered charity that has made grants to charitable causes all over the world totaling over $8 million in the last five years.

Anyway, I don't think either Zaentz, Jackson, the Estate or anyone outside of New Line Cinema would shed any tears if NLC lost this case & the rights to make the movies. Zaentz wants Jackson to do a Hobbit movie, but I strongly suspect that he doesn't much want NLC involved - & for all those who are annoyed or upset that a Hobbit movie might now be delayed I can only point out that there would already have been a Hobbit movie (& sequel probably) by now if NL had behaved decently from the get go.