Warner Bros. has released a new, alternate trailer for The Hobbit: An Unexpected Journey, director Peter Jackson's upcoming Middle Earth adventure that takes place before his The Lord of the Rings trilogy. While this is practically identical to the first trailer that debuted in December, there are three brief new bits of footage, with Bilbo's reaction to Gandalf's arrival (0:23), Bilbo hiding in a Mirkwood tree (1:57), and Bilbo, Gandalf, and the dwarves running through the forest (1:59). Check it out.