Yesterday the first trailer for The Hobbit: An Expected Journey was released. Now here is the opportunity to pick it apart as another site did better then I would. The One Ring has posted 100 screenshots here. Meanwhile, Bleeding Cool has their gallery but with added commentary to put some of the images in context with what limited news has leaked from production. That can be found here. As a bonus, here is wallpaper (below), it was created by Adam (thanks!) using a moment from the trailer. Usually right clicking over the image will give you the option to either save it or set it as wallpaper.

Update: TheOneRing has now posted their own very detailed frame-by-frame breakdown of the trailer here.

The Hobbit Trailer Screenshots, Breakdown. There are any The Hobbit Trailer Screenshots, Breakdown in here.