The Hobbit to be filmed in '07??

An unnamed source e-mailed theonering.net, a website dedicated to Lord of the Rings by avid fans, saying he had just left a meeting discussing upcoming projects at New Line's New York studios and said he got a view of the future schedule. I have to believe one of two things, either this is an important person at New Line or New line is just leaving things lying around for all to see. In any case, he saw The Hobbit to start filming in 2007. YAY!!! I'm taking this with a grain of salt though since it's not an official statement from New Line but it's still exciting to think about. I wonder who they're going to pick to be Bilbo since the Hobbit takes place about 50 years before.