Guillermo del Toro has finally been signed to direct The Hobbit and its sequel dealing with the events between it and the Lord of the Rings. There isn't a script yet, but he will be collaborating with Jackson, Walsh and Philippa Boyens. While the movie is still a ways out, probably 3-4 years, this is awesome news. If you've seen Hellboy, or especially Pan's Labyrinth you can see his creativity come through on the big screen. With him teaming up with Peter Jackson and his creative team this should be a truly amazing movie, just as the Lord of the Rings was. Now the waiting begins...