Hobbit 2

Here is the timeline for the movies (yes, they are planning a Hobbit movie, then second film to cover the 60 years between the Hobbit and LOTR).

Peter Jackson typed:
Dear Jesslyn - at this point in time the plan is to write for the rest of this year and start early conceptual designs. 2009 will be dedicated to pre-production on both movies and 2010 will be the year we shoot both films back to back. Post productin follows one film at a time with The Hobbit being released Dec 2011, and F2 release Dec 2012. That is the schedule in about as much detail as we have ourselves at the moment.