The Hobbit

First - it's a wonderful introduction to full scale Fantasy, for anyone. But, for small children it's truly a gift. This is the Gateway for reading that most parents would die for. Children that watch this cry for more because it's usually the first thing in their lives that is not so dumbed down that they realize they've been had.

Second - for all those that love a quality story, this is the Grand-daddy of them all for modern times. Sure the story is told from a more artistic viewpoint than the Book is, but that just adds to the enjoyment. * read the Book.

Third - Since the current (wonderful) movies are coming out, this provides a foundation that makes them even more enjoyable.

Finally - Even in this animated version, one can tell why J.R.R. Tolkien is celebrated as one of the finest writers of the 20th century. These books provided the foundation of nearly all quality Fantasy/Sc-Fi books and movies for the last 75 years and will continue to inspire writers and moviemakers for a long long time to come.