Frodo and Bilbo

[Hakon]

That I can get. Though even the geekiest guy can be in love with another, even if that love is not returned.

That is true. The thing is that Bilbo is a creature of habit, we see that in the Hobbit. I think that after one massive adventure he was ready to just go back to his routine. He did not want to change that routine he wanted to keep it the same after his massive adventure.

About that ring, it does sort of look like the one ring only much fancier.