Well, epic movie fans, Tolkien geeks, and weird hairy foot enthusiasts, your time to rejoice has come—Warner Bros/New Line Cinema and MGM have announced that production on the long-delayed and long-awaited The Hobbit (the prequel film to the Lord of the Rings trilogy, based on the book of the same name by J.R.R. Tolkien) has finally begun.

/Film nabbed the press release heralding the new double-movie (it will be split into two parts), which is, like its epic processors, directed by Peter Jackson:

“’The Hobbit’ is set in Middle-earth 60 years before Tolkien’s ‘The Lord of the Rings,’ which Jackson and his filmmaking team brought to the big screen in the blockbuster trilogy that culminated with the Oscar-winning “The Lord of the Rings: The Return of the King.”

“The two films, with screenplays by Fran Walsh, Philippa Boyens, Guillermo del Toro and Peter Jackson, will be shot consecutively in digital 3D using the latest camera and stereo technology. Filming will take place at Stone Street Studios, Wellington, and on location around New Zealand.”

The film, which will bring back such Rings cast members as Elijah Wood, Ian McKellan, Cate Blanchett, and Andy Serkis as Gollum, centers around the “title character Bilbo Baggins, who is swept into an epic quest to reclaim the lost Dwarf Kingdom of Erebor, which was long ago conquered by the dragon Smaug.  Approached out of the blue by the wizard Gandalf the Grey, Bilbo finds himself joining a company of thirteen dwarves… Their journey will take them into the Wild; through treacherous lands swarming with Goblins and Orcs, deadly Wargs and Giant Spiders, Shapeshifters and Sorcerers.”

I’ll be honest with you—I have no idea what any of that means.  But!  As long Jackson is directing, as long as Elijah Wood keeps making that goddamn Frodo face for ten or so hours, and as long as Viggo Mortensen doesn’t show up to remind me of how much of a badass I’m not, I’m totally sold on this.

What do you think about The Hobbit news?