Del Toro talks The Hobbit

I feel like I'm writing a news about news story, but apparently Guillermo del Toro will know if he'll be directing 'The Hobbit' next week. Del Toro, who recently made 'Pan's Labyrinth,' said this at a panel for his new movie 'Hellboy 2.'

'The Hobbit' is currently set for release in 2010. It is produced by Peter Jackson and takes place before the story of 'The Lord of the Rings.' In the story we follow Bilbo Baggins, who goes on his first adventure.

It was originally written as a story for children, so it will be particularly interesting to see what Del Toro will do with the story if he gets the chance.