A:The Hobbit is an announced fantasy film that will likely be released in 2009. It will be based upon J. R. R. Tolkien's 1937 novel The Hobbit, which takes place several decades before the events of The Lord of the Rings film trilogy and is considered a prelude to the The Lord of the Rings story. New Line Cinema has production rights until 2008, while MGM retains the worldwide distribution rights.
http://en.wikipedia.org/wiki/The_Hobbit_%282009_film%29
