Yes, "The Hobbit" would rock! I heard that they're having a lot of trouble securing rights, which surprises me. I would have thought it would have been a lot harder to get the rights for LOTR. And after Jackson did such a great job, you'd thinl they'd be thrilled to let him to "The Hobbit." Then again, not everyone agrees he did a great job... I agree about using the same castmembers, except for Bilbo. I said for quite a while they should get Ian Holm to reprise Bilbo, but the problem is that while the other three characters didn't really change at all physically in the space of 80 years, Bilbo did. He aged a lot more slowly than anyone else, but just the same, Ian was perfect to play the older Bilbo but would be in his late '70s or older by the time "The Hobbit" gets started. He's just too old to play a 50-year-old , especially considering that Frodo is supposed to be 50 too and was played by a 20-year-old.
Erin