The Hobbit Dream Team

So you've probably heard the news that Pan's Labyrinth director Guillermo del Toro has stepped down as director for the much delayed Hobbit movies. This is really disappointing since he has already shown he's a great director of fantasy movies. So who would be a good replacement? Here is my DREAM directors for this movie:

Zombie Jim Henson - With movies like Labyrinth and Dark Crystal in his wheelhouse, Jim Henson is an obvious choice for one of the best fantasy stories ever told. His creature workshop could breath new life into Tolkien's middle earth. David Bowie as a sexy Gandalf?
Why it won't work: He is dead.

Tim Burton - Movies like Sleepy Hollow and Big Fish suggest a director who could do this, but self indulgent movies like Willie Wonka suggest otherwise. If we could get a time machine and grab Tim Burton before he got too big for his britches and decided he can just stamp his own stylistic nonsense onto any franchise he wishes no matter how great (batman, planet of the apes, willy wonka oh god), then it would work. Why it won't work: No part for Johnny Depp

Terry Gilliam - Movies like Baron von Munchhausen and Time Bandits have the feel you want in a fantasy movie. Amazing sets and whimsical characters, made his movies awesome
Why it won't work: His incredible bad luck would be compounded by the bad luck this movie already has and it would create a black hole

Wait who directed HellBoy? He would be great!
Why it won't work: That was Guillermo del Toro you moron.

George Lucas: You know that time machine I wanted to grab for Tim Burton? Do that with him, but grab him hot off the heels of producing Willow.
Why it won't work: jar jar baggins

Peter Jackson: He did a stellar job with the LotR trilogy, but I was happy to see that he wanted someone else to direct the hobbit. The Hobbit was written in a different type of language than LotR so it would be fitting for it to be told a different way on film. It needs some more stylistic charm to it than the LotR. Some time has gone by and he could probably do that now. He could look at it with fresh eyes, and pull off telling this story the way it needs to be told.
Why it won't work: Currently because he says he won't do it.

I really hope Peter Jackson caves and takes the reins on this one, or someone comes out of obscurity to hit it out of the park like he did for LotR.