This is disheartening. Jackson, with the right budget, could have brought life to the entire franchise, what with all the Nylund and other back story novels out there. Spielberg will go for the CGI over plot development and poison the well. While I may watch it just to confirm my lingering doubt, like Transformers II and GI Joe, I will not waste credibility recommending it others nor money buying the DVD, I suspect.
Oh well.