Yaaaahhhhh!!!!
From the BBC
Filming on the two Hobbit movies has begun following months of delays caused by funding problems, a row over actors' wages and surgery for its director.
Filming is taking place at Stone Street Studios, Wellington, and on location around New Zealand.
Production on the films, starring Martin Freeman as Bilbo Baggins, is expected to take up to two years. The first is due out in late 2012.