We excitedly told you just yesterday that Tobey Maguire was suddenly in the running to play Bilbo Baggins in the upcoming movie version of The Hobbit. Well, it really only took a few hours to turn that rumor down. Movieline chatted with Maguire's publicist, who emphatically stated that, absolutely not, "“This is false!”

Well, I guess that answers it. The folks over at The One Ring also got an update from an anonymous source saying the rumor is false. I guess the Latino Review team has some explaining to do, given that they're the ones who broke the story. But really, just add it to the pile of endless Hobbit rumors from the past four years.