Can't think what there is to be excited about - Jackson will make a complete hash of The Hobbit, just like he did with the LotR trilogy.
Yeah, they were such a dismal failiure creatively and financially weren't they?
Let me guess, you were livid at the exclusion of Tom Bombadill.
I was actually REALLY looking forward to Del Torro doing this film, he's perfectly suited to such a project, so it's a shame he's not doing it, he's the only director other than Jackson that I feel could be trusted with the franchise.
Still, it's in good hands nontheless.