With the entertainment news for the year slowing down to a trickle, it seems there was at least one bombshell left to drop before Christmas. Peter Jackson’s settlement with New Line Cinema has opened the doors for The Hobbit to finally head into production early next year. It is now clear, however, that Jackson will only be producing rather than directing, leaving everyone hyped up and excited to see who might fill his shoes for this two-part prequel. Other than that, a few interesting trailers hit the web but for the most part everyone is now in year end mode, looking back on 2007 by creating as many top 10 lists as they can come up with. And yes, we’ll be adding our own lists to the mix shortly! Stay tuned.

Top Headlines
Peter Jackson To Direct The Hobbit
Peter Jackson Will Not Direct The Hobbit
Sam Raimi’s New Horror Movie: Drag Me To Hell
Arnold Schwarzenegger Planning Hollywood Comeback?
Scarlett and Storm Shadow Join G.I. Joe Cast
Film Junk 2007 Reader’s Choice Award Winners
Film Junk’s Top 10 Viral Videos of 2007

Trailers
The Dark Knight
Hellboy II
Hancock
Forgetting Sarah Marshall
Snow Angels

Some Stories We Didn’t Cover
Gerard Butler Is Not Sabretooth
Ice Cube Is Not B.A. Baracas
WGA Denies Golden Globe and Academy Awards Waiver Request
Jared Hess to Direct Gentlemen Broncos
Andy Serkis Signs on for Tin Tin