Spider-Who?
ERMERGERD!
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It's a fourteen month shoot for both films back-to-back.
If they are able to start filming in January 2011 (which is the tentative plan at this point), they'd finish principal photography in March of 2012. That leaves eight months to finish post-production work on the first film for a Winter 2012 release.
Remember. Almost all of the pre-production work has been completed. All that's left to do is hire a director and cast the roles - which PJ has been holding auditions for over the past few months. As soon as this project is greenlit, they should be able to move into production fairly quickly.
well, bare in mind that they won't be able to start shooting as soon as everyone is cast. At LEAST they'll need a month (it was over 6 weeks for LOTR) for weapons training, horse training, dialect training, costume fitting, etc.
And as far as I know, they haven't built all the sets yet - that its mostly just been in the design phase this entire time, and that they've paused all production due to the MGM issue (though, if any one has any updated info concerning that, i'd love to know). Preproduction started well over a year (nearly two, if memory serves me) before cameras even began to roll, for LOTR and we're not talking about just conceptualizing, but also set building. And I would imagine a 12 month shoot for this movie (LOTR was 16, I believe)
I would love for the movie to be out as soon as possible, yet I also do not want a rushed film. With all that has gone on, I think that PJ would be wise to not rush to meet a deadline that isn't entirely reasonable at this point.

t: And I wouldn't be surprised at all if Dol Guldur ended up being huge. It is, after all, a fortress. Check this out: