In these pictures released on the official blog, director Peter Jackson is seen on the set of The Hobbit in New Zealand. Here's what Warner Brothers said in the official press release:
"Wellington, NZ, March 21, 2011—Production has commenced in Wellington, New Zealand, on The Hobbit, filmmaker Peter Jackson's two film adaptation of J.R.R. Tolkien’s widely read masterpiece.
"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 Hobbit follows the journey of 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 led by the legendary warrior, Thorin Oakensheild. Their journey will take them into the Wild; through treacherous lands swarming with Goblins and Orcs, deadly Wargs and Giant Spiders, Shapeshifters and Sorcerers."
Expect to see the first Hobbit film in late 2012 and the final one in late 2013. Can't wait!