Take a deep breath and try to contain yourself, fans, and take a look at Academy Award winner ’s first official for next year’s epic prequel, : An Unexpected Journey.

Based on J.R.R. Tolkien’s famed Hobbit novel, the prequel reunites many of the stars of the original trilogy, with the additon of Martin Freeman as Bilbo Baggins, not to mention a score of actors as the host of dwarves who accompany Bilbo on his adventure to find a legendary dragon named Smaug.

Written by Guillermo del Toro, alongside Peter Jackson, Fran Walsh, and Philippa Boyens, the film is set for release in 2012, likely in early December if the film follows in the footsteps of its predecessors.