In reply to Blizzard:
I saw the hobbit over Xmas and I thought it was fantastic.
I too came at it rather sceptically as I couldn't see how you could pad it out into 3 long films. However, when it came to actually seeing it, I didn't think it dragged, it was pretty much non stop action, it gave a lot more detail on Middle Earth, great photography, was somewhat lighter hearted than LOTR, some very good acting and characterisations and linked up really well with the LOTR trilogy.
Having seen it, I am genuinely surprised by how negative the reaction has been. I did see it on 3D imax which maybe added something, I don't know. I'm certainly glad i saw it in 3D - one of those films which does benefit from it maybe.
There were some negatives of course. There were perhaps one or two fantastical escapes (with no one hurt) too many - but maybe that's in keeping with what is in essence a children's story. There was also a 'chase' sequence with Radagast on a sled pulled by rabbits - trying to outrun some orcs - which did make me laugh but looked very ropey and low budget (part of this was probably down to my next point..)
My main criticism, however, was that - for me - the 48 frames per second thing didn't smooth it out but made the action sequences seem really jerky. I'm not sure why, that seems counter-intuitive as you would think doubling the frames per second would smooth it out. However, it was a bit distracting and was my biggest problem with the film. In other respects the 3D and HD image quality was fantastic. Some people have said the 48fps worked outside but not indoors - however for me it worked until the v fast action sequences.
Anyway, if you are a fan of Tolkien and Middle Earth I fail to see how you can't love this film. Even if you aren't, I still think it's of the best films I've seen this year.