1st Video from the Set of The Hobbit!

Peter Jackson has released (via his Facebook page) his first videolog from the set of The Hobbit, which is finally shooting (at 48 fps instead of 24). Both films are being shot back-to-back for release in December 2012 and December 2013. The video is over ten minutes of hot Hobbit action props, set design, and meetings showing how they rebuilt Bag End as it was in Lord of the Rings and a brief moment of Ian McKellen being awesome.