It is hard for anyone who enjoyed the Lord of the Rings trilogy not to be giddy over the fact that Peter Jackson has returned to helm The Hobbit. He might be one of only a handful of directors who could do it any justice and the only one who can create Middle Earth and not make it feel hokey.
This trailer has come out the same week as The Dark Knight Rises, Wrath of the Titans, Prometheus, and Jack the Giant Killer. In other words, it has been a very impactful week in the world of cinema.
Without spoling anything here it is.