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The basic premise is that Lucas told Peter Jackson that he's making 9, 2 Hour Long Star Wars films
Whether this is true or not, it remains to be seen...
'Lucas also told me that he and Lord of the Rings director Peter Jackson have become good friends, commiserating with each other in Australia and New Zealand on their shoots about making their two series.
"Essentially, Peter is making three three-hour movies out of one book," Lucas said. "And I'm making nine two-hour movies from one book." Of course, Lucas wrote his own book, but the mythology harkens back to Lord of the Rings. "We discuss it a lot because they are similar in nature," said Lucas'
Full Interview at http://www.foxnews.com/story/0,2933,75540,00.html
:D
You can still get hold of lucas' early tape interviews in places where he talks in depth about the 'star wars' project