This is excellent news. At the very least, Jackson will bring the love and respect for the original material, as he did with LOTR. If you've got that (and lots of money), the rest should follow naturally. I was definitely not looking forward to Del Toro directing The Hobbit; as talented as he undoubtedly is, he's way too inclined to put in his own idiosyncratic touches and he doesn't seem to have a lot of respect for the original stories when he's doing adaptations. For example, although Hellboy was reasonably faithful, Hellboy 2 took virtually nothing from Mike Mignola's original comics and suffered for it.
And, The Hobbit is most certainly not boring, and not a kiddie's story. Although ideally, it should be read before LOTR, not after, which is also the order in which Tolkien wrote them. There's no similarity at all to the Star Wars trilogy and it's pathetic pointless 'prequels'.