Christmas isn't even here yet, but we already have a 2012 holiday treat to look forward to in The Hobbit: An Unexpected Journey. Though that's 12 months off, the good news is that we have the first trailer right here! If you're expecting something of the same caliber as The Two Towers, you might be a little disappointed; this preview is low on action and high on introduction and backstory. We meet young Bilbo (Martin Freeman), who is just trying to live his hobbit life in Bag End when he's rudely interrupted by an adventure-seeking Gandalf (Ian McKellen). What follows is a quick introduction to his long list of travel companions, and then a brief glimpse at what's in store in the first part of the adventure.
As excited as I am for this movie, I can't help but feel a teensy bit underwhelmed by this trailer. The production value looks amazing of course, but I was hoping the preview would incite a little more excitement. That said, we've got a whole year to build up the hype, so in the meantime, watch the trailer after the jump.