Dwarves, Gollum and the green Shire in 1st trailer for The Hobbit!

It seems like we've been waiting ever since the end of The Return of the King to see it, and now the first trailer for Peter Jackson's The Hobbit: An Unexpected Journey is finally here! Prepare yourself for singing dwarves, beautiful visuals and a creature in a mountain who first hears the dreaded name Baggins.

From the very beginning we get ties to The Lord of The Rings with hints of Howard Shore's original score, plus appearances by both Elijah Wood and Ian Holm as old Bilbo lets young Frodo know that he didn't tell him the whole story of how he got his hands on the One Ring after all.

From there, we get a good look at Gandalf—staff, pipe and all—as he invites a band of dwarves into Bilbo's pleasant little hobbit hole and offers him a chance to go on a strange journey to a mountain far away. The dwarves, led by Thorin Oakenshield (Richard Armitage), sing their story for Bilbo, and the unexpected journey begins.

Amid Jackson's predictably stunning visuals are hints of trolls, Galadriel (Cate Blanchett), and of course the now-iconic voice of Gollum (Andy Serkis) as he meets Bilbo beneath the Misty Mountains for the first time. We knew we were excited for this, but until this trailer hit we didn't know just how excited. Now begins the excruciating yearlong wait to see the full first film.

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