Announced today, Peter Jackson’s adaptation of The Hobbit will not be two parts, but three.

Part One debuts this December, with Part Two coming the following year. The newly announced Part Three will come Summer 2014.

On one hand, it’s cool to get more Peter Jackson goodness, but it pushes the finale out and just feels like a big fat money grab (*cough-breaking-dawn-cough*).

What’s your take?