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.
"Fantasy is an exercise bicycle for the mind. It might not take you anywhere, but it tones up the muscles that can." - Terry Pratchett.