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No, Hugo Weaving isn’t officially confirmed for The Hobbit yet, but they’ve already built the Rivendell set. And Peter Jackson includes some clips showing Hugo as Elrond in the original LOTR here as well… so he’s going to have an awfully difficult time recasting the role at this point. This would be an intolerable tease if Hugo wasn’t coming back. 😉 And this already debunks one rumor, namely that Cate Blanchett’s Galadriel will fill the role in the story that Elrond did in the novel. Frankly if you don’t get misty and nostalgic just watching this (and full of anticipation for the new films)… you might wanna check your pulse. 😉 We do get mischievious glimpses of much of the confirmed cast, including Martin Freeman (Bilbo), Andy Serkis (Gollum), Sir Ian McKellen (Gandalf) and the band of dwarves. Cate Blanchett has said the parts of the story concerning the Elves won’t be filming for awhile yet, so a bit more patience is still required of us. But I’m already having fun.
The Hobbit via YouTube