Deathly Hallows two be split into two parts

The Los Angeles Times is reporting that Harry Potter and the Deathly Hallows is going to be split into two parts. The director for these two parts will be David Yates and screenplay will be written by steve kloves.
Both these 'two' parts will be release in two consecutive years, i.e. November 2010 and May 2011.
David Heyman says "I went to Jo and she was cool with it". WB is also happy with this decision.
Yates continuing, ""Unlike every other book, you cannot remove elements of this book. You can remove scenes of Ron playing quidditch from the fifth book, and you can remove Hermione and S.P.E.W. [Society for the Promotion of Elfish Welfare] and those subplots . . . but with the seventh, that can't be done."
Now the question arises, where is the point where they'll split the story into two?
Mr. Yates says, "The question will be, where do you break it? And how do you make them one but two separate and distinct stories? Do you break it with a moment of suspense or one of resolution? These are the interesting challenges. But each book has presented its challenges."
Anyway, only time will prove whether this decision was good or wrong.
I'm not really happy with it.