I didn’t like it. I am not sure was it due to because the show wasn’t good, or because the row in front of me were taken up by kids who refused to shut the hell up and I had to tell them of twice to keep quiet, and even once at them to not to stand up while the moving is running.
Personally, I am ok with the changes - the ninja wizard part, elvish kungfu and even the forbidden romance. It’s just that I feel it could be edited better, because everything is. a. drag.
The barrel sequence, the Laketown fight, the Smaug/Biblo and the Lonely Mountain Amusement Park sequence are just way too long, and honestly, feature nothing much news Even Legolas’ barrel-leaping, knife swinging bow-fu leave me somewhat cold because there is simply too much of it.
By contrast, the best sequence in LOTR (for me) was the Bridge of Khazad Dum, and the introduction, build-up, climax and ending, all takes about 4 minutes, and perhaps no more than five.
There is just something abrupt about how the scenes progress - the most jarring is the beginning. The sequence of Beorn is rendered meaningless, and felt like something that belongs to the extended edition (how relevant is he, besides him appearing at the Battle of the Five Armies, a role which can be safely excised?). If Jackson has followed the book in the first part, where Gandalf uses the “two by two” ruse for the dwarves to meet Biblo, he could have done it again for Beorn. Unfortunately, Jackson didn’t.
I am quite ok with the Dwarf-Elf romance – because I know it is doomed. Legolas made no mention of Tauriel in Fellowship, Kili is dead, so that’s a huge blank canvas for Jackson to pour paint here - except unfortunately it doesn’t matter to the plot of the Hobbit. It’s like - darn - Jackson couldn’t find time to develop the romance between Eowyn and Faramir, but for the Hobbit he could invent a whole new one.
The reason is, in the end, the Hobbit isn’t as grand or spectacular a book as Lord of the Rings is, but Jackson insists on filming it as if it is. Characters in the Hobbit usually appeared for a scene or two, then disappeared - heck, we only knew about Bard when he was about to kill the dragon, but for the movie Jackson had to develop his backstory. It works for Bard, IMHO, but fell flat for Tauriel/Kili, and Beorn.
It also seems that Jackson has less faith in the source material than he had when was doing Lord of the Rings. The scene with Smaug was way overdrawn, and could have just followed the book - not to mentioned after minutes and minutes of the Dwarves running about, Smaug is relatively unscathed, making it a dreary shaggy dog story (honest, for a moment, I thought Smaug was going to die in the pool or something).
The Nercomancer part was … ninja wizard? I had the feeling from the way Gandalf described his exploits in Dol Guldur, he was being sneaky and quiet.
It should have been two movies. This way, there is no need for so much padding. For some reasons, PJ over-dramatizes and over-exaggerated everything. It’s just can’t be barrels floating down water - it must be a massive Elves vs. Orcs battle (that’s still ok, but it can’t beat the Amon Hen sequence). Biblo can’t just stand still and talk to Smaug. They both must move about. Beorn cannot be a simple man who can change into animals - he has to be a mindless ravaging beast while wearing the form of one. Gandalf simply didn’t just investigate the Nercomancer - he has to stride through the front door setting red flags off everywhere.
The only well done part, I feel, was Mirkwood and the spiders. Then again he went overboard with the dwarves getting surly and impatient. They must see doubles and hear whispers in the air.
KISS.