The Hobbit...ah...great disappointment. If you haven't went to see it, FOR THE LOVE OF CINEMA, DON'T!!!
3 main problems:
Outdated = LOTR was great in it's tine, was pretty much set out the last greatest movie where you could abuse slow motion and animated effects. All beyond from there try to run away from over rendering their movies, slowmotion, camera panning, fast panning for action etc. The Hobbit does it all, worse than the LOTR triology because, not only out of it's time, also 10 times more recurring.
Long, boring, silly = It's 3 hours long, there's dead scenes with few angles, no action, just an old man scribbling, a young man sitting on a bench smoking, a ton of men eating food like pigs and throwing things around, running, more running, silly jokes and puns, more running. Very few moments you feel integrated in the story, either one long boring thing happening or several different things happening where you can't grasp wtf is really going on, matching this with fast camera panning and you can't really understand what is even being filmed.
Incomplete = While the original LOTR triology was 3 movies and you could watch each movie and a singular story, even if you'd understand there's more to it, they had a beginning, body and ending. The Hobbit took a ton of time to begin, very boring and long start without giving you much to hold on to, the body is filled with either mindless action of running around, or no action and lots of talking, and THERE IS NO ENDING! Somebody told me it'll be 4 films for The Hobbit, WTF! If they're remotely similar to this first Hobbit I'm not going to the cinema to watch it!
One thing stands as virtue, the actors, not all of them, but the main actors are good, specially Martin Freeman, main actor from Hitchhikers Guide to the Galaxy, the only way they could possible pull off the silliness of the whole thing, I can't think of anybody else that could save Bilbo to be a realistic lucky fool.
This movie is so not worth my money nor Martin Freeman's torture.