Mike Morewood, the archeaologist who did the original excavation on the Hobbits, says they look more like the guys in the article below:
Stranger In A New Land (Archaeology)
"Image: JOHN GURCHE PORTRAIT OF A PIONEER With a brain half the size of a modern one and a brow reminiscent of Homo habilis, this hominid is one of the most primitive members of our genus on record. Paleoartist John Gurche reconstructed this 1.75-million-year-old explorer from a nearly complete teenage H. erectus skull and associated mandible found in Dmanisi in the Republic of Georgia. The background figures derive from two partial crania recovered at the site.