‘The Hobbit’ Trailer Debuts – Bilbo is Back!

It's an entire a year away, but “The Hobbit” peeked its head out from behind the curtain of movie production with a trailer

It's an entire a year away, but "The Hobbit" peeked its head out from behind the curtain of movie production with a trailer.

Peter Jackson has offered up two and half minutes of tantalizing glimpses into his world in the shire. Ian McKellan sure looks a lot younger than he did in "Lord of the Rings," and so does Bilbo Baggins.

Read also: Faces of 'The Hobbit' Movie: From Bilbo to Gandalf Slideshow

Have a peek, and then don't even think about it for another year.