well documented, but it appears that the troubled film has finally been given the green light, with LOTR director Peter Jackson firmly ensconced in the director's chair.
Shooting is allegedly scheduled to begin in February 2011, although as of yet the location of said filming has not been disclosed. There is speculation that the film will be shot in 3D, but this remains unconfirmed - as do numerous other details, such as who will play Bilbo Baggins (Martin Freeman allegedly turned down the role).
While there's many things to resolve, it's a relief to see that the main difficulties have been overcome and that the project is starting to creep into gear. As skilled a director as del Toro is, Jackson is undeniably a better director for the movie, and I've got high hopes that he can deliver an experience similar to the brilliance of the LOTR films.
More news as and when - a statement about the location of the filming is expected soon.