I was torn between MMR and Hobbit, but two things while I like the Peter Jackson movies, better than no movie. But I think he is making the material into another POTC type franchise where there is too much fluff or BS just to make the material longer.
JJP could give us more info, but in reality we won't know how it plays until its made, but I don't what to pay fully in advance on a maybe pin.
But MMR is not pay in full and is more of a sure thing if it plays similar to the real MM(real).
Hard call, but I went with MMR myself.