Yeah, Jackson will not do it.....but WETA should be involved! Everyone is hearing about the burgeoning New Zealand Film phenomina caused by LOTR movies. And, they probably have a couple warehouses full of beautiful hand-crafted props for the land of Middle Earth now sitting in storage somewhere. It's a given it would be a money maker (despite it being a fairy tale, and in fact, probably because of it.)
I envision the same effects house Weta and Weta digital), a new young New Zealand talent team at the helm, perhaps some of the same actors (Ian Makellan as Gandalf would be a MUST), maybe PJ or his production company producing.
If you're still in doubt....imaging Smaug brought to life in full WETA digital glory!
Someone start a petition!
- Jason (Eros the Wood Elf Archer)