Turned out it was more like a thirteen year gap- I've just seen part three of The Hobbit. Yes, yes, not quite as good as the first trilogy, but not bad at all, and it certainly had its moments. I especially appreciated that they included this little exchange at the end (quoted from the book):
Then the dwarves bowed low before their Gate, but words stuck in their throats. "Good-bye and good luck, wherever you fare!" said Balin at last. "If ever you visit us again, when our halls are made fair once more, then the feast shall indeed be splendid!"As one commenter put it- I think it was quoted in The Annotated Hobbit, which I don't have on hand at the moment- it's clear the two are saying the same exact thing, but each in his own language.
"If ever you are passing my way," said Bilbo, "don't wait to knock! Tea is at four; but any of you are welcome at any time!"