I've been getting PMs on and off about this, so let me clarify a little. Kerr's newer LOTR project that I've been collaborating with him on has evolved quite a bit since it was first started. He's in the driver's seat, and I'm really just consulting is all. It's not going to be a "purist edit," per se, though I think it will still lean toward the books when doing so helps the films in and of themselves.

There's no real timeframe, though things are shaping up. It'll be a LOTR quadrilogy. It won't be strictly "purist," but I think it'll be a very decent way to watch a somewhat-reigned-in cut of PJ's version of things. The Hobbit will be most puristy, though that's more of a side effect of crunching it down to one film.