Many of us thought this day would never come, but now that we've got some physical proof on our hands, all us Ringers out there can finally rest easy. Folks, 'The Hobbit' is happening.

The latest of updates comes in the form of three images that director Peter Jackson recently shared with Entertainment Weekly. The first shows Jackson going over a scene with Martin Freeman in costume as Bilbo Baggins, the second shows Sir Ian McKellen looking exactly the same as pipe-smoking Gandalf the Grey, and the final image shows Freeman again with a company of what look to be dwarves sitting around in his home.

They're all gorgeous and they've got us giddy as sin, so hit the jump to see the images in full and Jackson's added commentary on them.

"There's no way you can pace yourself for shoots like these," said Jackson. "When we were going through the schedule for 'The Hobbit,' I felt a terrible drop in my stomach when I saw that we'd be shooting for 254 days. We're only 12 days short of 'The Lord of the Rings' even though we're only doing two movies. When I saw that, I had to sort of pick myself up off the floor and carry on."

"He's in fantastic form," Jackson said McKellen reprising his role as Gandalf. "In a way, his role in 'The Hobbit' has more technical difficulties than 'The Lord of the Rings' did, because he has scenes with 14 smaller characters -- obviously the dwarves and the hobbits are shorter ... I remember saying to him [laughs], 'Look, this isn't 'Waiting for Godot' or 'King Lear.' This is 'The Hobbit.' This is the real thing.'"

"He fits the ears, and he's got some very nice feet," Jackson said of lead hobbit Bilbo Baggins. "I think he's got the biggest hobbit feet we've had so far. They're a little bit hard to walk in, but he's managed to figure out the perfect hobbit gait."

Granted, we still have to wait until December 14, 2012 to see the first movie, 'The Hobbit: An Unexpected Journey,' and then sit back until December 13, 2013 for the second part, 'The Hobbit: There and Back Again,' but who are we kidding, we're just glad that these are a reality in the first place.

So how pumped are you for 'The Hobbit'?
The Hobbit: An Unexpected Journey
Based on 40 critics

Hobbit Bilbo Baggins joins 13 dwarves on a quest to reclaim the lost kingdom of Erebor. Read More

The Hobbit: The Desolation Of Smaug
Based on 44 critics

Bilbo and his companions reach the Lonely Mountain, where they encounter the fearsome dragon Smaug. Read More

The Lord of the Rings: The Fellowship of the Ring
Based on 34 critics

Creatures unite to destroy a powerful ring and defeat a lord. Read More

categories Movies, Coming Soon