Having grappled with the ring of power, PJ’s lifelong dream now comes true: Universal announces that Peter Jackson will direct King Kong after finishing up LOTR: Return of the King. I kinda wish they’d announced this a bit later so that Jackson could devote himself fully to closing out Tolkien‘s trilogy in grand style, but I’m sure he’ll do that anyway. Congrats to PJ, Fran, and WETA on their big score. Update: Fay Wray approves.