From their website:
Fantasy Flight Games is excited to announce the upcoming release of The Hobbit, a board game of adventure and treasure in Middle-earth for 2-5 players. On his journey to the Lonely Mountain, the hobbit Bilbo Baggins will need guidance and protection. If the dwarves hope to recover any treasure from the dragon Smaug’s hoard, they must guide their diminutive companion effectively.
Designed by Reiner Knizia, The Hobbit is a game of strategic bidding and chance. Taking on the roles of the stoic dwarves, players need to guide Bilbo Baggins from the Shire to the Lonely Mountain and end the game with the most treasure. During their journey they will fight goblins, battle wargs, escape the Mirkwood elves, and eventually reach Laketown. Players must plan their journey wisely, bidding for their turn sequence to move Bilbo Baggins further along the game path.