Peter Jackson announced today to Moviefone.com that the scripts for the two Hobbit films have been finished and that they have begun talks for a budget and shooting dates. Looks like we will be seeing the long awaited Hobbit adaptations sooner then expected. Peter Jackson had the following to say about the announcement: "We've just delivered the script. Literally last week, we delivered the second of the two screenplays -- the first draft. So the studio's got both scripts now, which is a milestone; and if anything was holding it up, it was us doing the screenplays, because we'd just been writing as fast as we can, but it took us this long to get them finished. So we take whatever responsibility there is for the speed. And we're now in the process of budgeting the films, and then hopefully we'll get to a budget the studio [people] are happy with, and they'll greenlight the movies and we'll announce the shooting dates. I'd be pretty optimistic that we'll be shooting before the end of the year. I would imagine October, November, we'd be shooting by. I'm not announcing it, though."