If there is anyone in Hollywood who can make this stupid split-a-book-into-two-or-three-films-for-more-$$$ fad work, it's Jackson. He really loves the source material and wants to do it justice. I would feel alright if he does decide to do this.
I got to say I'm with the naysayers on this one. I already thought it was a stretch to split the book into 2 parts, going into the appendixes to scrape out another movie just feels like overkill to me.