'The Hobbit: An Unexpected Journey' trailer: 'Squee' is an understatement

Joining December's movie trailer-palooza is a clip for the first film in Peter Jackson's "The Hobbit," which takes fans back to the Oscar-winning director's cinematic rendering of J.R.R. Tolkien's Middle-earth.

"The Hobbit: An Unexpected Journey" takes place before the "Lord of the Rings" trilogy, and follows a young Bilbo Baggins' (Martin Freeman) on a mission to reclaim a treasure held by the dragon Smaug.

The trailer not only introduces us to a young Baggins, but also a company of dwarves, led by Thorin Oakenshield (Richard Armitage). We're also reintroduced to Ian McKellen as Gandalf and Cate Blanchett as Galadriel. Before the two-and-a-half minute trailer is up, we're teased with a shot of Baggins encountering Gollum, as well as the One Ring.