Douglas C. Kane, a civil rights attorney and Tolkien scholar better known to readers of TheOneRing.net as Voronwë_the_Faithful, posted an excellent primer and explanation of the real facts and allegations of the ongoing lawsuit between the Tolkien family and New Line. 

The article summarizes the nature of the parties, allegations, and desired results of the lawsuit, explaining legal terms for the lay reader as it goes.  Mr. Kane also makes his own educated predictions as the the likely outcome of the suit.  The verdict?  The case will probably be resolved in mediation and the assorted plaintiffs probably don't have a shot in hell of actually getting the upcoming Hobbit movies shut down.  Read the full text of the article here.

So there it is, fanboys and -girls.  We can all stop our precious hearts a-fluttering, now.