TheOneRing.net is reporting possible titles for the forthcoming Hobbit films.
The first potential title is "The Hobbit: An Unexpected Journey". The second is "The Hobbit: There and Back Again".
So far, fans seem to approve of these choices. The first title is a play on the very first chapter of The Hobbit ("An Unexpected Party"), while the second is taken from the actual full title of the book itself ("The Hobbit, or There and Back Again").
Both films (whatever their eventual titles) are set to begin filming in New Zealand later this month!
UPDATE (May 30, 2011): Both film titles listed above have been confirmed as official.