EW have debuted three images from Peter Jackson’s upcoming two-part “The Hobbit” feature film adaptation, ‘The Hobbit: An Unexpected Journey,’ and ‘The Hobbit: There and Back Again,’ providing us with our first look at Martin Freeman as Bilbo Baggins, a new look at Ian McKellen as Gandalf, and a peak at Jackson and Freeman on set. These images just further add to my fiendish excitement for this film! Freeman looks perfect as Baggins.

Both films are set in Middle-earth 60 years before J.R.R. Tolkien’s “The Lord of the Rings,” which Jackson and his filmmaking team brought to the big screen in the blockbuster trilogy that culminated with the Oscar®-winning “The Lord of the Rings: The Return of the King.” ‘The Hobbit: An Unexpected Journey,’ has been pencilled in for a December 14th, 2012 release date. ‘The Hobbit: There and Back Again’ will hit cinemas December 13th, 2013. Check out the other images and some quotes from the feature with Peter Jackson commenting on the actors and films below.

MARTIN FREEMAN (BILBO BAGGINS): ”He fits the ears, and he’s got some very nice feet,” Jackson says of his Bilbo. ”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.”

IAN MCKELLAN (GANDALF): ”He’s in fantastic form,” Peter Jackson says of McKellan. ”In a way, his role in The Hobbit has more technical difficulties than Lord of the Rings did, because he has scenes with 14 smaller characters — obviously the dwarves and the hobbit 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.”

PETER JACKSON WITH MARTIN FREEMAN: ”There’s no way you can pace yourself for shoots like these,” Jackson says. ”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.”