Straight from the horses mouth...from another site...
Keith P. Johnson
Nov 8 (21 hours ago)
We appreciate your feedback and thoughts and are glad you're interested in the game. There will be another Hobbit release, but it won't get major time spent on it until POTC comes out as all of our efforts are going to that right now. I would expect it to be in line with my previously stated (and requoted) statements.