"Where are you going?" comes a voice. "I'M GOING ON AN ADVENTURE!" yells Martin Freeman's Bilbo, his hands flapping wildly around his face.

Even with that rather lovely moment, the new trailer for The Hobbit doesn't have anywhere near the I've-been-blown-away feel of The Lord of the Rings. Maybe it's the broad humour of the whole thing - far more evident than that cracking Hobbit teaser trailer. But you know what it does have? ONLY SYLVESTER RUDDY MCCOY. That and a ton a dwarves. What's the collective noun for a group of dwarves? Someone at Warner Bros is gonna have to work that one out before December.

Here's the trailer. Are you excited? Or merely just whelmed?