Has del toro even got the whole cast yet? I wasn't sure if he did. Maybe that could have been a reason for the set back?
I do hope the second movie has something to do with the council of the wizards, but at the moment from looking at the youtube link it looks doubtful seening as Christopher lee doesnt look so keen on returning to middle earth as Saruman the white, but he did say he would do the voice of smaug!! which is something!
I'm also hoping Viggo mortenson and lyv tyler will in the 2nd movie! maybe we will see more of the love, as arwen wasn't really shown in the lotr trilogy even though she was still a big part!
But I do hope the hobbit movies will start filming shortly! I cant wait to see there work this time! I just hope the work is as good as the lord of the rings trilogy!