There is a new Lord of the Rings live action movie in the works.

Official Press Release
Will there be a movie based on the Hobbit?
General LotR movie info
More info concerning the movie.
News, rumors, etc. posted here.
Pictures from the new movie
Official Lord of the Rings movie site or an alternate url. Use the latter if the first one is down.
A good movie site
Another good site, recommend it