Movie News: The Hobbit........A Trilogy?

Apparently, New Line and Peter Jackson are in discussions to make The Hobbit a trilogy instead of a two part cinematic experience. This is strangely disappointing to me because I respect Jackson and his films. There is no reason to stretch this in to three movies. This just seems like a sad ploy to suck more money from fans of the Lord of the Rings. Is there even enough material to turn it in to three films. I really don't think so..........

What do you think? Were you a fan of the two part Harry Potter conclusion or are you a sparkly emo vamp teen that is really looking forward to part two of the Twilight finale? No matter what, I think this is Hollywood's sad way of sucking the life blood from a classic book.