If you’re seriously shocked that Peter Jackson is taking on directing duties of MGM’s The Hobbit you must live in a cave. This man dedicated a good chunk of his career to putting together one of the best novel adaptations of all time (The Lord of the Rings Trilogy) so when Guillermo del Toro decided to jump ship after the umpteenth production delay everyone looked to Jackson for answers and according to THR he’s giving them.

The trade just reported that Jackson is in talks to direct The Hobbit, an adaptation of the J.R.R. Tolkien novel of the same name that will be broken into two installments. Apparently, he’s still in negotiations and no major details have been revealed as of yet but it looks like he’s going to go through with it.

Over at Deadline, their sources are claiming that Jackson will “extricate” himself from the other projects he’s currently working on to open his schedule for The Hobbit. He’ll direct both films, which will be shot back to back, so despite speculation surrounding David Yates and Neil Blomkamp, Jackson’s going to finish what he started.

What do you think of Jackson taking on The Hobbit? Do you think it’s a good idea?