Relax, Middle Earth fans. There's no need to panic. Yesterday, TheOneRing.net posted a story speculating that the release dates of both Hobbit movies could get pushed from their tentative December spots in 2011 and 2012. The theory arose from comments that Hobbit co-writer and exec-producer Peter Jackson recently made to the German website moviereporter.net (currently off line), in which he mentioned that he hoped production would begin by the middle of next year. Jackson was quoted as saying: "We’re currently working on the second script, which we hope to have completed by the end of this year or beginning of next.
http://www.imdb.com/news/ni1245159/
http://www.imdb.com/news/ni1245159/