I saw The Hobbit last night at a late showing after spending 6 hours watching part of the original trilogy before hand with friends.
Overall, I didn't like it.
Some factors that contributed to this:
Things I DID like:
I will end up seeing the next two, simply because I have a group of friends to go with and that will be my big draw versus seeing the actual movie... Well, except that I reaLLY want to see the dragon.