Read this:

Saul Zaentz, the owner of Tolkien Enterprises, and ultimate holder of the film rights to The Hobbit and Lord of the Rings was very recently interviewed about the Hobbit and Peter Jackson's involvement. His comments accord with what we learnt from Jackson and Walsh's open letter to the fans - New Line's right to produce the Hobbit will expire next year.
and this:

Saul Zaentz, the owner of Tolkien Enterprises, and ultimate holder of the film rights to The Hobbit and Lord of the Rings was very recently interviewed about the Hobbit and Peter Jackson's involvement.

The interview has since been posted on German Rings site Elbenwald. You can read it here.

It's in German, so here's a translation of his comments.


Q: What is with the long anticipated Hobbit-adaption?

A: It will definitely be shot by Peter Jackson. The question is only when. He wants to shoot another movie first. Next year the Hobbit-rights will fall back to my company. I suppose that Peter will wait because he knows that he will make the best deal with us. And he is fed up with the studios: to get his profit share on the rings trilogy he had to sue New Line. With us in contrast he knows that he will be paid fairly and artistically supported without reservation.
source: TheOneRing.net



... but there's something more:

The New Director of 'The Hobbit' is.....?

Word from a reliable source indicates that Sam Raimi has been approached to direct THE HOBBIT. Since Peter Jackson's (Middle-)earth shattering news that he is off the project, it seems the Spider-Man director may step into his place. Raimi was born on October 23rd, 1959 in Royal Oak, Michigan. His first big hit was 'The Evil Dead' but he really gained cult status with 'Evil Dead II'. It is his amazing work on the Spider-Man series that has propelled Raimi to the mainstream. His latest film 'Spider-Man 3' is due out this May.

While there is no word on Raimi accepting the invitation, it remains to be seen who, if anyone, will be replacing Peter Jackson!
I know you guys like Sam Raimi, but for me this is disaster... try to understand me.