To me this movie lost the heart and strength of the original three. But I did like the film, it had good action, I enjoyed the Dwarfs, and probably most of all I enjoyed Gollum. He looked so real in this film.
As for the HFR I didn't care all too much for it. It did have its pro's such as the graphics did look amazing in some scenes. But over all the rest of the 3D effects looked good but as if they didn't belong to this film, the HFR also made some scenes very noticeable that it was on a sound stage. The HFR also sped up shots making it seem like people are moving a lot faster than normal, and as for it making the film look more real made me feel like it lost some of its movie magic.
The film also added a lot it that isn't in the original text.
Overall I can not wait for the second instalment of the series.