Attending the panel were Peter Jackson, Phillippa Boyens(producer/writer), Sir Ian McKellen (Gandalf), Martin Freeman (Bilbo Baggins), Andy Serkis (Gollum/Assistant Director), Richard Armitage (Thorin Oakenshield), Elijah Wood (Frodo Baggins).
Galadriel the Most Powerful?Some people are concerned about Phillippa Boyens's comment regarding Galadriel:
Clearly Galadriel is not the most powerful being in the traditional sense of 'who would win in a fight'; for example Galadriel vs. A Balrog, Galadriel vs. Sauron, Galadriel vs. Glorfindel, and so forth.
I think what Phillipa was getting at was that Galadriel's reign and rulership was the most powerful at the time of the Hobbit. Remember, this is before Sauron had mustered all his troops. Galadriel rules a realm and the Maia (Gandalf, Saruman, Ratagast) do not.