The script for The Hobbit has a completed draft and Ian McKellen who will be reprising his role as Gandalf in the film has read the script! He talks a little bit about it without giving any details, but says that Peter Jackson, who co-wrote the script with longtime Lord of the Rings collaborators Fran Walsh and Philippa Boyens, as well as del Toro, wrote it specifically for him.
As Peter has said, they loved writing Gandalf [for The Hobbit] because they knew who they were writing him for. There are a lot of characters in The Hobbit including, crucially, Bilbo, and they don't know who's going to play Bilbo. So it's extremely attractive that this part has been written for me. The other Gandalf was written for, well, just as Gandalf. There's lots for me to enjoy, in all sorts of ways. And I couldn't be happier. But I'm sworn to secrecy. I'm not to say anything at all about the script.
McKellen will be putting back on his grey robe again for this one. He goes on to talk about how del Toro and Jackson speak the same language so the script will flow very well.
They are the same person. They were separated at birth. They're twins. They have the same attitude. Neither likes working in Hollywood. They're both fascinated by fantasy and violence on the screen, and gore, and things that frighten you. They like going into the psyche. They're both brilliant storytellers in very much the same way. And I think the script, because I have read it, plays very much to Guillermo's strengths, as I've seen them. I have seen his other movies and people act very well in them. So I think it's all fine. And Peter will always be there.
Hell yeah! I have no doubt in my mind that The Hobbit is just going to be an absolutely brilliant and beautiful film. McKellen continues saying,
I can't believe it's 10 years for me. I remember being told by a friend in Hollywood that, 'Your life is going to change,' and it has. Gandalf is an extremely famous character, and I quite like having him around the corner. He's very popular.
Now that the script is finished and McKellen has read it, I'm sure there are other actors out there that have read it as well. Actors that possibly may end up playing Bilbo Baggins. I honestly can't wait to see who they are going to cast for that role. We have such a long time before these Hobbit films come out, but at least we know they are coming.