Hi,
I don't post that often, normally just read the threads, but knowing a fair amount about Tolkien, the books, and the film adaptations, I have to say that The Hobbit would make a perfect licensed fit for Lego. In fact, if it didn't out perform something like Prince of Persia or even Pirates of the Caribbean, I would be pretty surprised.
Whilst I would love Lord of The Rings, its clearly a more adult aimed book, with some adult themes running through it, so I am unsure if Lego would take it up.
The Hobbit on the other hand is a pure children's fantasy, and would fit perfectly with the company's outlook.
It will be interesting to see if they do make a move for the licence.
My dream set up would be a Hobbit line of sets, with a couple of Lord of The Rings exclusives for the AFOLs.
Whilst I also like the Star Wars license, it's got to be better than a ninth Tie Fighter...
rich