It was OK... could and should have been better.

Rating: 6/10 (1 January 2014)

Poor, very poor CGI, (Except for the dragon, I think it was OK) There were some shots that you could clearly see they used a green or blue screen, poor CGI physics (which is way more important than the actual CGI; take Gollum, it wasn't that bad, but their movements where so real, people didn't care much at all about their looking. The only place where it looked fake I think it was in the extended Two Towers scene when Faramir almost choke him.
Pretty lame story, script and characters. (Including the affair and Legolas kicking bad instead of the dwarfs) I think Bilbo's acting was very nice, although it was way too short.
I thought it was going to be better. Not like LOTR, but we got Narnia style instead. The first one was better IMO. Even a decent soundtrack and camera movements-shots were missed here.
*Almost forgot: You could see some scenes were they changed to a different quality camera, this is specially true in the barrel sequence.