Nordling here.
I dig it. It reminds me of the Rankin-Bass cartoon (sue me, but I dig those songs), and there's nothing wrong with that. I'm really excited to hear more of Tolkien's beautiful poetry and songs in THE HOBBIT: AN UNEXPECTED JOURNEY - I realize that they really wouldn't have fit in THE LORD OF THE RINGS, but I love that we get the Dwarfs' song in the first trailer. This sounds pretty fun and epic. Thanks to Rolling Stone: