Based on JRR Tolkien's novel of the same name, The Hobbit is the story
of Bilbo Baggins, who is seen in the Lord of the Rings trilogy.
The Hobbit
follows Bilbo as he first encounters Gandalf. He is somewhat unwillingly
swept off on an adventure to the lonely mountain to rid it of the dragon, Smaug. The dragon is guarding a treasure of enormous value that
it had taken from the dwarfs who once lived there. A major battle
ensues shortly.
The Hobbit will
be released as Part I and II in 2012 and 2013 respectively.