adjl posted...
I could have seen two. The first one was actually pretty decent, even if it could never really settle on whether it wanted to be a serious fantasy adventure or a goofy slapstick fantasy adventure and that dissonance was a little jarring at times. The second and especially third, however, were just stretched out waaaaay too far for the amount of actual content they had. Condensing them into two (and redistributing some stuff into the first as needed) would have been much more reasonable.
Each of the LotR books were longer than the hobbit, and they got 1 movie each, they could have made 1 really good hobbit movie