Nine years, eleven Academy Awards, and two massive cinematic disappointments. Since wowing the world in 2001 with The Fellowship of the Ring, the first entry in his adaptation of J.R.R. Tolkien’s fantasy series The Lord of the Rings, Peter Jackson has amassed an impressive tally of goodwill and squandered the lion’s share; as a consequence, his return to Middle Earth, a similar treatment of Rings precursor The Hobbit, has been speculated over with alternating degrees of trepidation, iconoclasm, anticipation, and blatant excitement. Given Jackson’s previous artistic and commercial success playing in this particular fantasy sandbox, as well as his subsequent failures (2005’s King Kong, 2009’s The Lovely Bones), it’s difficult to imagine a scenario where…