Saw the movie with Mups and his lovely wife.
Eh...I mixed on it, but I'm mostly disappointed.
One thing, I couldn't stand the 48 frames per second. I thought it made the movie feel cheap, just like an animated gif with too many frames does (as in, the action moves too fast). It felt like a day time soap opera in terms of editing because of it.
As I think about the movie, I lean on 'not liking it' because I'm starting to forget what happened besides the pivotal moments. I felt the film was overly wrought, had very inconsistent pacing, was mostly dull in its approach, and many scenes (goblins and warg sections) felt like fan fiction. It really reminded me of The Phantom Menace in its excessive use of cg in the stead of tight narrative and storytelling. Not that it's as bad as TPM, but it certainly reminded me of it.
I thought that many key scenes (Gollum, the Dwarves first arriving at Bag End) were ruined by Peter Jacksonism. They bored to me tears.
On the other hand, the film has a lot of great scenes on its plate as well.
I can't say it's a bad movie, because it isn't, but I can't say it's a great movie either. It felt very middling, and was a far cry from the LOTR trilogy.