I want to watch the Hobbit and all, but 3 is really milking it, no?
He should just make a film of The Silmarillion instead (not that I've read it. ).
if he is going to stretch the Hobbit to 3 movies, he could probably get 15 out of the Silmarillion.
Not that I'm complaining.
If the Hobbit is another huge hit I wouldn't be surprised to see one of the Silmarillion stories be made into a movie eventually. And that'd be pretty damn cool.
The Silmarillion reads like an encyclopedia. That thing is as boring as watching paint dry. I've tried to read it at least 5 times and I get a 1/3 in and just go "meh" and reach for the xbox controler.
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Now go away.
My only problem with making The Hobbit into 3 movies is how long we'll have to wait to see Smaug.
I personally enjoy it a lot but it's definitely not for everyone.