Update: Gandalf Does Not Have Prostate Cancer

Update: Good news! It turns out Ian McKellen doesn't have cancer, after all.

"He does not have prostate cancer … That was taken out of context and from an interview from years ago," the actor's agent Chris Andrews told ABCNews.com.

Phew!

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As the wizard Gandalf in "The Hobbit" and "The Lord of the Rings," Sir Ian McKellen has battled some of the deadliest foes imaginable on the big screen, from the Balrog to Smaug to Sauron himself. But in real life, McKellen is waging and even more important battle, as the beloved actor revealed yesterday that he has prostate cancer.

"I've had it for six or seven years. When you have got it you monitor it and you have to be careful it doesn't spread," McKellen said according to Yahoo! Movies. "But if it is contained in the prostate it's no big deal. Many, many men die from it but
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