The Hobbit

I hear that Peter Jackson is trying to convince the studio to let him make The Hobbit into three movies! At first I had my doubts as The Hobbit is really a very short and relatively simple story. But now I understand he is including content from The Silmarillion (the history and mythology of Middle Earth) - which I loved! I'd be happy with TEN movies if he's going to include so much rich detail and storytelling :)