The Hobbit is expected to begin filming next March and if these images are anything to go by it looks like New Line are starting to rebuild Hobbiton!
From TheOneRing.net:

The re-building of Hobbiton has begun, with the planting of hedgerows and fruit trees. An extension to the path that passes in front of Bag End has been marked out also. There will be several new Hobbit holes dotted along its length.
Click here to see more images of the site!
Those who have seen The Lord of the Rings trilogy (who hasn’t?) will know that this is the place where Bilbo Baggins, Frodo Baggins and Samwise Gamgee live. Seeing it begin rebuilt makes me want to stick Fellowship of the Ring in my DVD player and relive the magic.
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