Summit is still deciding wether or not to split the movie. It is a VERY long movie with ALOT of content. I think 2 movies would be good. 1 would be awesome, but really! We don't want to stay in our seat for 2 hours (even though it's an amazing book) but we don't want to have to wait year's for the other movie's.
I think they're still deciding on it, although it will be hard to do, considering there are three parts to it, and the first part, Bella's Story, is quite short(in my opinion). So if they're were going to split it into three, it would be a bit boring. They could always split Jacobs part in half then have two halves to it. Sorry, if my answer wasn't exactly what you were looking for :/ :)
There going to have to take alot of scenes in the book out, cause the whole twilight series (apart from breaking dawn) will probably be a 12A,so they could be cutting out some scenes.