If you didn't already know I should mention that it will actually be two movies.
The first, An Unexpected Journey, is scheduled for a December 14th release in 2012 and the second, There and Back Again should be out on December 13th of the following year.
Some of the most interesting news over the last few months has been the casting with such actors as Martin Freeman, James Nesbitt, Stephen Fry and more recently Evangeline Lilly and Barry Humphries.
The films will of course be directed by Peter Jackson with a lot of actors from the LOTR trilogy making appearances, most notably Ian McKellen as Gandalf the Grey.
In other news a new project is being developed in association with Filmflux. It will be a filmed feature and will hopefully be posted to the site. More details soon.