Peter Jackson (and his team) has now shot the equivalent of 20 million feet of film on The Hobbit. For reference, he shot 7 million feet of film on The Lord of the Rings trilogy.
Peter is shooting up to 50 RED Epics on The Hobbit. And there is still time to go...
When I had dinner with Peter a couple of weeks ago... he was happy. If Peter is happy, I'm happy.