Repost from down below..just to keep everyone in the loop:

Once again, I have confirmed the rumors:

Tobey Maguire is NOT PLAYING BILBO BAGGINS

The definitive answer I just received is ‘No truth’..plain and simple..two words…it’s over. Spread the word!

UPDATE: The director of ‘The Hobbit’, Guillermo del Toro himself, popped into our message boards to confirm this fact, Maguire is NOT playing Bilbo. More..