The Hobbit is happening! When it was announced last month that cameras would begin rolling on the highly anticipated two-part Lord of the Rings prequel on March 21, naturally, there was a lot of "We'll believe it, when we see it" talk. After all, this is a production that has seen more than its share of setbacks thanks to such things as set fires, threats of union strikes and perforated ulcers. But, sure enough, principal photography did indeed start today at the Stone Street Studios in Wellington, New Zealand, with director Peter Jackson himself taking a moment to post pics to his Facebook page from the film's set/Peter Gicas, Entertainment Weekly. More here. (AP Photo/New Line Productions, Pierre Vinet: Ian McKellan as Gandalf in "Lord of the Rings")

Question: What is your position on "The Hobbit" -- Can't wait to see it? Can take it or leave it?