Like most buzz on the Internet, this one started with an e-mail. Elijah Wood let it slip that director Peter Jackson e-mailed him stating the first of two prequels planned will be based on the novel The Hobbit while the second film will bridge the gap between The Hobbit and The Fellowship of the Rings.

While all the films have been based on original text, it will interesting what fan-fic comes from the Clone Wars of the LofR trilogy.