So I waited for the blu ray release before trying this movie out. Good thing too, took 3 sittings on 3 different days to get through it. It really felt bloated. Radaghast the Shitstain didn't need to be in the movie at all. And the Goblin King gave me serious Boss Nas flashbacks. I half-expected him to send them through the Planet Core.
What worked in the movie? Pretty much anytime they focused on Martin Freeman as Bilbo. Unfortunately, for a film titled "The Hobbit" there was precious little of that. Too much LOTR tie-in crap, and too many rambling cartoon action sequences that just plain weren't engaging.
It's not that it was an entirely bad movie, but, it's the kind of movie where it lived up to my fears rather than my hopes.