The Hobbit Trailer

Nerdgasm update. What more is there to say about this:

The feeling of the prequel going second is interesting. It looks great, but it also feels slightly anticlimactic (for those of us who know the stories in detail) following on Return of the King. But still, it might actually be a more fun film(s) — the book is a little better paced than the masterpiece — which brilliant as it is, is a bit odd in the structural department. Don't get me wrong though, I have read them half a dozen times. Even the Silmarillion, which is actually one of my favorites. Although I can't say I've read all of those extra lost tales whatever books Christopher Tolkien pushed on us (a few though).