McAvoy as Bilbo Baggins?

The Daily Express is reporting that James McAvoy (Atonement, Wanted) is the top of Guillermo del Toro's list of actors to play the young Bilbo Baggins in The Hobbit. The nature of the source is unknown but the chat session from a little over a week ago does back at least the idea that del Toro is already at work on a short list of actors to play the role, "I can tell you it's down to a few names that we all agree upon. For our first choice, completely magically we all have the same name." Of course he never said who their names was so for now this goes into the rumor category and will probably remain there for the next year until the script phase is complete.