I've been a fan of Tolkien's since childhood. I enjoyed Jackson's LOTR movies and watch the extended versions regularly. Went to the midnight showing of The Hobbit, Part I, and walked out about 45 minutes into it. I had better things (like sleep) to do with my time. It's as if Jackson was aimed at making a VeggieTales version of the story using live actors. "Silly" is the best one-word description of the movie. I could not recognize any of my dear friends I know from the books. From the outset, when the dwarves show up at Bilbo's and begin eating like slobs, I was disappointed. However, things became too much when I encountered a drug-crazed hippie riding through the forest on a bunny-pulled sled and was then told that this was Radagast the Brown, a person treated with respect in Tolkien's work. I left. If you have any respect for Tolkien, or literature in general, don't waste your time or money. If you're a small child in search for a silly adventure story and a way to waste three hours, maybe you'll not be disappointed.
Cons silly, destroys original story, disrespectful