Just like the LOTR DVDs the theatrical cuts will hit the DVD, Blu-Ray, and Digital Copy market first, followed by the Extended Editions a few months later. Expect the 3D Blu-Ray to also have the Extended Scenes in 3D. This will give more people incentive to purchase a 3DTV so that they can enjoy the Extended Editions as they were meant to be seen. However, will the digital copies also be 3D? It's not a hard leap for the iTunes digital copies to be available in 3D as through an AppleTV one can easily play a side-by-side squeeze on a 3DTV and have it interpreted as 3D. All Apple has to do is enable 3D in the iTunes Store. That's wishful thinking at this time. The Blu-Rays are guaranteed to be 3D at least.
Here's the storyline for THE HOBBIT: AN UNEXPECTED JOURNEY:
THE HOBBIT: AN UNEXPECTED JOURNEY follows title character Bilbo Baggins, who is swept into an epic quest to reclaim the lost Dwarf Kingdom of Erebor, which was long ago conquered by the dragon Smaug. Approached out of the blue by the wizard Gandalf the Grey, Bilbo finds himself joining a company of thirteen dwarves led by the legendary warrior Thorin Oakenshield. Their journey will take them into the Wild; through treacherous lands swarming with Goblins and Orcs, deadly Wargs and Giant Spiders, Shapeshifters and Sorcerers. Although their goal lies to the East and the wastelands of the Lonely Mountain, first they must escape the goblin tunnels, where Bilbo meets the creature that will change his life forever… Gollum. Here, alone with Gollum, on the shores of an underground lake, the unassuming Bilbo Baggins not only discovers depths of guile and courage that surprise even him, he also gains possession of Gollum’s “precious” ring that holds unexpected and useful qualities… A simple, goldring that is tied to the fate of all Middle-earth in ways Bilbo cannot begin to know.
The Hobbit: An Unexpected Journey hits theaters on December 14th worldwide.