In this latest preview, Bilbo Baggins (Martin Freeman) receives more screen time as he contends with rowdy dwarves around the table -- always an interesting ordeal.
Many familiar faces -- including Sir Ian McKellen as Gandalf - are featured, and while this latest trailer promises a whole lot of fantasy action, it also reveals there will be humor along with the thrills.
And since this is a Peter Jackson, gorgeous sweeping vistas will abound, along with one of J.R.R. Tolkien's most memorable characters - Gollum..
What do you think of the latest trailer? And what do you think about "The Hobbit" being divided into three parts?