I think it would be best (or at least, closest to the book) if it were more of a faerie tale. LOTR is classified to the public as Action/Adventure. The Hobbit would be more of a Faerie/Adventure. Of course, a faerie tale is usually an adventure story.
I think I agree with you, Show, about PJ. It's good to have a different style for the Hobbit. Rayner Unwin, in his exclusive review of The Hobbit, says, "[The Hobbit] should appeal to all children between the ages of 5 and 9." (
http://www.tolkienlibrary.com/press/ima ... review.jpg) This is something to consider. Between 5 and 9 seems quite young for the book in today's age, but back then (1936) I suppose it was acceptable. So, to adapt it to this age, we could say 8 to 12? I don't know. But still, it almost seems to me that The Hobbit should be PG. Of course, there are frightening images and intense action, so I suppose PG-13 would be fitting. But I think the feel of the story should be of a children's story. It should be innocent and, well, small. But the fact that it's small makes it big. There's something Tolkienish

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