After all the will-they won't-they drama of MGM's financial screw-up, it's hard to muster the effort to write anything more about The (seemingly cursed) Hobbit. First, the money went missing. Then the unions started walking. Then stuff burnt down. But now the LA Times and New York Times are both reporting that a green light is on the way.

Warner Bros (who own New Line Cinema) will be relieved to finally give the official OK to the troubled production - presumably with Peter Jackson properly at the helm. It's not confirmed or announced for sure, but anonymous sources have indicated that MGM may give the nod "in the next few days". Although that would involve raising part of the supposed $500 million budget.

Shooting looks to be scheduled for January, by when they "expect to have all issues settled... so that the first of the two movies would be ready for a holiday 2012 release."

Oh, and The Hobbit will also be in 3D.