The battle has been long and arduous for Guillermo del Toro's The Hobbit, but last time we checked in it seemed to be right on track. Market Saw was even reporting yesterday that after months and months of work, The Hobbit was officially given the green light. Unfortunately, one phone call to del Toro squashed that rumor and brought us right back to square one. has it straight from the horses mouth that The Hobbit is still in a holding pattern despite the fact that both scripts are completed. As before, the director is still working with collaborator Peter Jackson on finalizing a budget and shooting schedule, but the top brass at MGM still haven't given the final thumbs up needed to get the ball rolling for the two part prequel.

There is a shining light amongst the darkness, however. del Toro also explained that as far as 3D goes, they're not moving in that direction:

On both counts, there are no final answers. It is not greenlit. That is categorical. And 3D has been discussed literally once in the room. The budget and the schedule and everything that we are handling – the cost of the film, the number of days it would take to shoot – is being handled right now without looking towards 3D. Is there a chance it will become 3D in the future? Maybe. Right now, it’s not being planned as such.

The Hobbit is starting to feel a bit like the Arrested Development movie; there are writers plugging away at a script, everyone's excited about it, but nothing seems to be going the right way for either production. As fans, we should start preparing ourselves for the worst, and come to terms with the idea that The Hobbit just might not ever happen.

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