According to Cindy White@bluray.ign.com, the recently publicized delays with
The Hobbit could adversely affect the Blu-ray DVD release of the theatrical versions of
The Lord Of The Rings. The release was meant to coincide with the theatrical release of
The Hobbit, now possibly pushed back to 2012.
I had planned to wait on the Blu-ray extended versions of the trilogy. It seems we are made to wait a little longer for either.