Is it because ***** sounds too much like dildo?
From Newline website: New Line Cinema : Publicity : Press Releases
He's not the director, but executive producer... tho I have no idea what the difference is!
An executive producer is involved in the creative & technical aspects of the production
A director is the main main. He visualizes the script, controlling a film's artistic and dramatic aspects, while guiding the technical crew and actors in the fulfillment of their vision.
Big difference.

B ilbo is edited due to someone on BW called B ilbo. Dunno what he did. Oh and looking forward to the movies.
An executive producer is involved in the creative & technical aspects of the production
A director is the main main. He visualizes the script, controlling a film's artistic and dramatic aspects, while guiding the technical crew and actors in the fulfillment of their vision.
Big difference.
He was famous for being a complete and utter ****.
In the meantime before the movie is released:
YouTube - Leonard Nimoy's Ballad of ***** Baggins
[youtubevid]XC73PHdQX04[/youtubevid]