I was impressed with how much of the story's good humor Jackson and Co. manage to weave into the spectacle. It's there in the close shave with a gang of hungry trolls, and it really lifts off once Andy Serkis' uncanny Gollum enters the picture.
I'm afraid that whoever it was in the New York Film Critics Circle who voted for "The Hobbit" as best animated film had a point. And so did the people who suspected that this whole thing was a bad idea.
I found that it provided a pretty convincingly immersive experience, and I look forward to the technology's evolution/refinement. Which I guess also means I look forward to the next two installments of the trilogy.
Vital as they are, Gollum and Bilbo can only do so much to keep us enchanted. Is Jackson able to sustain the magic in two more installments? I peer into Tolkien's Misty Mountains and embrace the journey.