If it comes AFTER the Hobbit then I see it as showing what happened to Gandalf during the Hobbit and after leading up to the Great Years. i.e.
Quote:
2941
Thorin Oakenshield and Gandalf visit Bilbo in the Shire. Bilbo meets Sméagol-Gollum and finds the Ring. The White Council meets; Saruman agrees to an attack on Dol Guldur, since he now wishes to prevent Sauron from searching the River. Sauron having made his plans abandons Dol Guldur. The Battle of the Five Armies in Dale. Death of Thorin II. Bard of Esgaroth slays Smaug. Dáin of the Iron Hills becomes King under the Mountain (Dáin II).
2942
Bilbo returns to the Shire with the Ring. Sauron returns in secret to Mordor. 2944 Bard rebuilds Dale and becomes King. Gollum leaves the Mountains and begins his search for the 'thief of the Ring.
2948
Théoden son of Thengel. King of Rohan. born.
2949
Gandalf and Balin visit Bilbo in the Shire.
2950
Finduilas, daughter of Adrahil of Dol Amroth, born.
2951
Sauron declares himself openly and gathers power in Mordor. He begins the rebuilding of Barad-dûr. Gollum turns towards Mordor. Sauron sends three of the Nazgûl to reoccupy Dol Guldur. Elrond reveals to 'Estel' his true name and ancestry, and delivers to him the shards of Narsil. Arwen, newly returned from Lórien, meets Aragorn in the woods of Imladris. Aragorn goes out into the Wild.
2953
Last meeting of the White Council. They debate the Rings. Saruman feigns that he has discovered that the One Ring has passed down Anduin to the Sea. Saruman withdraws to Isengard, which he takes as his own, and fortifies it Being jealous and afraid of Gandalf he sets spies to watch all his movements; and notes his interest in the Shire. He soon begins to keep agents in Bree and the Southfarthing.
2954
Mount Doom bursts into flame again. The last inhabitants of Ithilien flee over Anduin.
2956
Aragorn meets Gandalf and their friendship begins.
2957-80
Aragorn undertakes his great journeys and errantries. As Thorongil he serves in disguise both Thengel of Rohan and Ecthelion II of Gondor.
2968
Birth of Frodo.
2976
Denethor weds Finduilas of Dol Amroth.
2977
Bain son of Bard becomes King of Dale.
2978
Birth of Boromir son of Denethor II.
2980
Aragorn enters Lórien and there meets again Arwen Undómiel. Aragorn gives her the ring of Barahir. and they plight their troth upon the hill of Cerin Amroth. About this time Gollum reaches the confines of Mordor and becomes acquainted with Shelob. Théoden becomes King of Rohan.
2983
Faramir son of Denethor born. Birth of Samwise.
2984
Death of Ecthelion II. Denethor II becomes Steward of Gondor.
2988
Finduilas dies young.
2989
Balin leaves Erebor and enters Moria.
2991
Éomer Éomund's son born in Rohan.
2994
Balin perishes, and the dwarf-colony is destroyed.
2995
Éowyn sister of Éomer born.
_c._ 3000
The shadow of Mordor lengthens. Saruman dares to use the _palantír _of Orthanc, but becomes ensnared by Sauron, who has the Ithil Stone. He becomes a traitor to the Council. His spies report that the Shire is being closely guarded by the Rangers.
3001
Bilbo's farewell feast Gandalf suspects his ring to be the One Ring. The guard on the Shire is doubled. Gandalf seeks for news of Gollum and calls on the help of Aragorn.
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They could show a bit of artistic licence in having all the White Council parts, even though a few of these came before the Hobbit.
They could use artistic livcence to show the hunt for Gollum happening before Bilbo's party too.
Quote:
3009
Gandalf and Aragorn renew their hunt for Gollum at intervals during the next eight years, searching in the vales of Anduin, Mirkwood, and Rhovanion to the confines of Mordor. At some time during these years Gollum himself ventured into Mordor, and was captured by Sauron. Elrond sends for Arwen. and she returns to Imladris; the Mountains and all lands eastward are becoming dangerous.
3017
Gollum is released from Mordor. He is taken by Aragorn in the Dead Marshes, and brought to Thranduil in Mirkwood. Gandalf visits Minas Tirith and reads the scroll of Isildur
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So plenty to fit in the prequel! Also, they could show 'back history' of the events surrounding Sauron in Dol Guldur.....