Jackson on actor scouting for The Hobbit
Peter Jackson is on actor scouting, currently in Los Angeles and has passed by New York and the UK. As of yet Jackson has not signed the deal yet with Warner Bros who is in this project in joint-venture with MGM who owns most of the rights. The Hobbit was to be released in 2011 but the project has been pushed back again and again due to MGM's financial distress.
Source: The Hollywood Reporter