The first installment in The Hobbit trilogy is a fun, thoroughly enjoyable romp through Middle-earth. It's the start of a new epic quest through the Misty Mountains to reclaim the legendary dwarf kingdom of Erebor, under the Lonely Mountain, which is filled with jeweled treasure and guarded by the great golden red, flying, fire-breathing dragon Smaug.
In addition to the merry band of courageous dwarves, we get to meet some interesting new characters; a new Wizard called Radagast the Brown, a lover of birds, and flora and fauna, who discovers a strange evil force brewing in Middle-earth. The Great Goblin, lord of the goblin hoards that capture our dwarf heroes and live in a deep network of caves where Bilbo first meets Gollum, who looks even more realistic here, and discovers the magical One Ring that is featured in the later adventures of Frodo and company. And a vengeful white Orc chieftain named Azog, who was long thought to be killed in the Battle of Azanulbizar by Thorin Oakenshield.