On a article from Variety it was stated that The Hobbit films have been pushed back. This is from Variety:
Horn won't predict when the first of the two "Hobbit" films will be out, but says the most probable scenario would be a release in the fourth quarter of 2012.
"It's a big bet for us. But it's one we think will pay off given the success of 'Lord of the Rings,'" says Emmerich. "This is one of the few movies it feels like people are waiting for."
So I guess we will have to wait another year before we would be able to see it. Oh well, I bet it will be worth the wait.