Guillermo has made some of my all time favorites movies, I had high hopes to see how the movie would come together, but I respect his decision, he's a human afterall and like many of us, he have a life and many things to pursue in life.
And I'm very proud to live in the same city he was born and even more proud to see him at a movie festival here in Guadalajara.
Also, I wouldn't mind if Guillermo passes the torch to Peter Jackson, he already did a couple of (very brief) scenes of The Hobbit in the original trilogy, so if anyone knows how to do a LotR movie, is him.
As long as Uwe Boll and Michael Bay stays away from this, I'm more than happy. -_-'