!
Considering that they already made Frodo much younger in LotR, how could they possibly put him (as an adult, no less - unless they have the medical technology to make Wood rapidly age backwards) in The Hobbit? Wouldn't that make Bilbo's adventure happen just a few years before LotR?
White Council nonsense I was expecting, but putting Frodo in it doesn't seem to make sense even in Peter Jackson Land.