'The Hobbit' Full Trailer: Wizards and Dwarves and Gollum, Oh My!

As promised, Peter Jackson has delivered a new cut of The Hobbit trailer for An Unexpected Journey, the first chapter in his planned trilogy adapting the work of J.R.R. Tolkien.

Jackson told fans on his Facebook page that his contributions to the worldwide Tolkien week would include this longer teaser, which boasts a gaggle of dwarves during a merry gathering as Galdalf (Sir Ian McKellen) reveals Bilbo as his choice for a grand adventure. There are plenty of laughs in the clips, though we know things will get dicey from there, for sure. Check the full trailer out below.

Now the speculation can begin as to where in Tolkien’s slim story Jackson will choose to conclude his first Journey, setting the stage for parts two and three – titled The Desolation of Smaug and There and Back Again. The sequels reach theaters in 2013 and ’14, giving Hobbit fans plenty to look forward to as Jackson ventures back to Middle Earth and attempts to recreate the magic of his Lord of the Rings trilogy.

The adventure starts on Dec. 14, with 2D, 3D and IMAX presentations of Unexpected Journey. Which format will you choose? Mull it over, grab your tickets as soon as they go on sale, and enjoy the latest trailer from Jackson’s anticipated Hobbit film.