Like many people, I was a bit surprised that they could really make three films out of The Hobbit. I thought it might be a bit slow and drawn out. However, having seen An Unexpected Journey, I was convinced that 3 films is the right way to go. Peter Jackson has created a depth to the tale that makes it very satisfying for fans of the book.
I remember my disappointment in the Lord of The Rings: The Return of the King, when there was no reference at all to the raising of the Shire. This was always one of my favorite parts of the epic tale. So I will support Peter Jackson and the film studio bosses who want to create this novel way of building a franchise.
There maybe was a bit too much CGI for my liking in places but I'm sure they just couldn't resist it.