Lord of the rings- return of the king....the last chapter?

[PonchtheJedi]

I'm sure this is all old news and all, but I read an article on Dark Horizons that said that Ian Mckellan is really anxious to do the Hobbit, and so is Peter Jackson, but right now two different studios own the rights. According to him, it's a go as soon as that's worked out, but they won't start on it for quite awhile. I think Peter Jackson is doing his King Kong movie.