The Return of Gandalf

From SCI FI Weekly:
"McKellen Reprising Gandalf In Hobbit" —

British actor Ian McKellen told Empire magazine that he will reprise the role of the wizard Gandalf in Guillermo del Toro's upcoming movies based on J.R.R. Tolkien's The Hobbit, the Reuters news service reported.

The 68-year-old star played the part in the hugely successful Lord of the Rings trilogy directed by Peter Jackson. Mexican filmmaker del Toro has been named to direct two films based on The Hobbit, which Jackson will produce and co-write.

"Yes, it's true," McKellen told Empire. "I spoke to Guillermo in the very room that Peter Jackson offered me the part, and he confirmed that I would be reprising the role. Obviously, it's not a part that you turn down; I loved playing Gandalf."

Del Toro, whose credits include Pan's Labyrinth, will move to New Zealand for the next four years to work on both Hobbit films with executive producer Jackson, according to New Line Cinema and Metro-Goldwyn-Mayer Studios.

The studios have said that filming will begin in 2009, with tentative release dates set in 2010 for the first film and 2011 for the sequel.