Guillermo del Toro to direct 'Hobbit'

According to Variety:

In a major step forward on “The Hobbit,” Guillermo del Toro has signed on to direct the New Line-MGM tentpole and its sequel.

Sounds good to me! Mr. del Toro, director of Pan's Labyrinth, has certainly proven he can create immersive-fantastical worlds worthy of Tolkien's work. Lookin' forward to it!