TheOneRing.net confirms the way in which Elijah Wood shall begin his role as Frodo Baggins in the movies being made as I write this.
If you do not wish to read a spoiler to the movie please do not read further.
As readers of “The Hobbit” know, the tale of “The Downfall of The Lord of the Rings” and “The Hobbit or There and Back Again,” are contained in the fictional “Red Book of Westmarch.” In Peter Jackson’s LOTR films, the book is shown on screen and written in by Bilbo and Frodo and handed off to Sam Gamgee.
The fictional book, and either the telling from it or the reading of it, will establish Frodo in the films experiencing Bilbo’s story. Viewers are to learn the tale of ‘The Hobbit’ as a familiar Frodo gets the tale as well.
Since the speculation is now everywhere around the interwebs, TORn can confirm that as of now, the plans are to feature Frodo in the opening sequence of the films. It is unlikely that studio Warner Bros. or Team Jackson would change the script at this point in response to the web buzz so we may have just “spoiled” December 2012 for some, but we warned you.
In this vid from ontheredcarpet.com we see Elijah Wood talking about a bit of what fans will be seeing in the films to come.
And here we have Elijah with Jimmy Fallon discussing The Hobbit Films.