My Kiwi spies have confirmed that the official titles and release dates for the two part Hobbit movie are as follows: 1) the first movie will be out December 2012 and will be subtitled An Unexpected Journey; and 2) the second movie will bear the name of the Tolkien book itself There and Back Again and will be out in December 2013.
It has also been confirmed that Orlando Bloom will return as Legolas, and also that we are going to see the epic tale of the White Council and the battle of Dol Guldur. Things are shaping up and looking good and the health of Peter Jackson seems to be alright.