There was a DVD of the Hobbit not put out by Warner that was turning up in the "99 Only" stores a couple years back. (Of dubious legal origin to be sure.)
I have no idea if it can still be found or if it's taken from a different master.
This closed Ebay auction will show you the cover art.
http://cgi.ebay.com/Hobbit-DVD-/110594556508?pt=US_DVD_HD_DVD_Blu_ray&hash=item19bff3025c