They absolutely plan on returning to the launch site. Why would they put landing legs on a rocket destined to land in the ocean? The eventual plan is to accomp

They absolutely plan on returning to the launch site. Why would they put landing legs on a rocket destined to land in the ocean? The eventual plan is to accomplish the maneuver with a total of three burns. Shortly after separation, the first stage will reignite three of its nine engines to decelerate enough that hitting the atmosphere won't break it apart. This is a fairly short burn, and they have done it on at least one flight so far. The second burn, which they haven't tested yet, will use the same three engines to boost the stage back to the site where it launched from. Finally, they will ignite just the center engine shortly before it hits the ground in order to land softly. It can't hover. Even with the engine throttled as low as it will go, the TWR is still >1, so no hovering... SpaceX has published all sorts of information about their Return to Launch plans, and a simple googling should reveal that. They're even put out some shiny promo videos demonstrating the process.