I enjoyed it, overall, but to be honest it really felt like a two-hour long climax, with no real plot of its own, and like it all belonged in another movie. I kind of wish we'd just gotten the original plan for two movies, which (based on what I've seen in this trilogy) would have been ideal for the material they were using. There were some scenes that went on way too long and others that were either too short or were entirely absent when they probably should have been there all along. No funeral for Thorin, Kili and Fili, or Dain's coronation? Bilbo's farewell with the surviving members of the Company was nice, but his return to the Shire was amazingly brief. I expected a quick stop in Rivendell where we'd get to meet a character who would become quite important in the future. (More on that later.) I also think it would have been neat if Balin mentioned something about how, now that the Dwarves had taken back Erebor, it was time to reclaim Moria, too, but that's not really that big of a deal.
Bard and the people of Lake-town were kind of just left hanging once the battle was over, and I think they could have done a better job of emphasizing Bard's new role as a king, which I thought would have been played up more since they made it a point to mention his descent from Girion, Lord of Dale when Smaug arrived, in
The Desolation of Smaug. I also really didn't think anything they did with Alfrid was necessary. Why was he even there? What was the point of having him around? Especially since he never really learned anything or changed in any way. Just pointless filler.
Way too much time was spent on Legolas. I like Legolas, and I was totally on board with his appearing in the movies (it makes total sense, IMO), but he's not the star of the show. This is supposed to be Bilbo and Thorin's story. And that final scene between him and Thranduil was just written really awkwardly, not to mention it goes completely against the lore. At the time of
The Hobbit, Aragorn was just a ten year old boy living in Rivendell and known only as Estel, with no idea of his true name and heritage. When Thranduil suggested that Legolas find the Dúnedain and meet a young Ranger called Strider, I half expected Peter Jackson to appear on screen and give the audience a wink.
