I remember having to read The Hobbit in elementary school and now we're getting a first look at the upcoming movie.  The preview for The Hobbit: An Unexpected Journey was released yesterday.

The 2 1/2 minute preview mainly features Gandalf and Bilbo Baggins' relationship.  The movie isn't expected to hit theaters until December of 2012 and then there's already plans for a follow-up, The Hobbit:  There And Back Again, which isn't expected until 2013.