It looks like it has the potential to be a very good movie.
I have to admit, I ain't holdin' my breath about it though. I haven't quite jumped on the Peter Jackson bandwagon yet.
If you wanna get a taste for what Peter Jackson used to do before many people bowed down to his supposed greatness at the Lord of the Rings, then you need to see the movie "Meet the Feebles." (Basically an R rated Muppet Show.) This muppet movie is a laugh riot, and in all respects DEFINITELY NOT RIGHT.
I will make time to watch the LotR trilogy, but I have to admit, the first twenty minutes of Fellowship put me right to sleep...so I have to shore myself up a little more, as I am sure that the LotR trilogy is truly good.
Respectfully,
Martok2112