Tricksy hobbitses...

A new species of human was discovered a couple years ago, and the title link shows some new details about the discovery. What I find interesting was that this was a three-foot tool-using hominid that apparently existed alongside Homo Sapiens, not so very long ago in cosmic terms. Sure, this has just been discovered in Indonesia right now... but could this species have existed elsewhere? Like, perhaps, the British Isles? And if so, could this be where the legends of elves came from? Just a thought...