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Trailer: The Hobbit (The Desolation of Smaug)

I finished reading The Hobbit a couple of months ago (after seeing the first movie), and I have to ask do they plan on stretching this? Is the dragon going to be killed in this installment? If so, what would happen to the third movie, scraps? Besides seeing Legolas, the elves have more of a role here than in the previous installment. The trailer brings something similar to the first, one action sequence after the other. Hopefully they conclude this entry with a bang, giving enough meat to the third movie and at the same time, not putting this movie to waste.