Re: THE HOBBIT (2012/2013): News, Rumors, Pics Till Release
^ I think we'll see him first right at the end of movie one, or possibly even in a trailer appended to it. Smaug will probably be intended as a big draw for the second movie, so there would probably be little wisdom in showing much a year before it debuts.
"As long as war is regarded as wicked, it will always have its fascination. When it is looked upon as vulgar, it will cease to be popular."