Featuring Bilbo the "burglar" on all fours by Smaug's immense pile of gold, it's a great bit of teasing from team Jackson. Is it looking at Smaug at this point? What does Smaug look like? Why is Bilbo wearing that natty blue top? Have they reused any footage from The Goonies to fill out Smaug The Golden's magnificent haul?
Only the cast, crew and Peter Jackson's iPad have the answers. Oh, and people who've seen The Hobbit: An Unexpected Journey, who will have already seen a couple of snippets of Benedict Cumberbatch's wyrm, the lucky swine.
A clue to Bilbos new top is seen in the background image of the new 'Legolas and Bard the bowman' photo from the 3rd film. There is a figure in the background, possibly from Laketown, wearing a very similar garment! So I assume the folks from Laketown gave Bilbo this new coat. More