From what I heard, filming hasn't been done yet since Peter's working on some other movies, so it may not be for a few years before we see anything for Temeraire. But I agree that, considering how well he did with Lord of the Rings, Peter Jackson would do a good job on the Temeraire series when it comes out. I'm hoping to start reading the first book soon; I've been pretty lazy with doing it. If I like the first book, I plan on buying some more of the Temeraire books.
On a side note, I haven't see much of Lord of the Rings. I have started to watch some of it with my dad and sister, but I couldn't get into it, probably because it was the second movie so I missed a lot of stuff earlier. I also haven't read most of the books; the only thing I read was part of the beginning of the first Lord of the Rings book but never finished it because I had to bring it back. I have however read The Hobbit earlier and finished it and ended up liking it. I had also see some of the cartoon movie adaptation of The Hobbit both before and after I read the book.
