Oh Middle Earth, how I’ve missed thee. But now that Peter Jackson has started releasing trailers for the first Hobbit movie, An Unexpected Journey, I can see how little you’ve changed.

• Check out the 10 best Hobbit gifts

With plenty of dwarf action, a little bit of Elrond and the return of Gandalf the Grey (who was so much cooler than Gandalf the White), this trailer promises great things for Jackson’s latest fantasy trilogy.

Watch it in HD for the full effect!