Got back from it about an hour or so ago. Here's my pros and cons. (Should be noted I've never watched Two Towers, Return of the King, nor have I read any of the books)
Exceptional acting. Not a single dud performance, as far as I can remember.
Beautiful art design, as is the case with what Jackson usually oversees.
Great cinematography, another trait of Jackson's.
Very charming, distinct characters.
+ The very fun first encounter with Bilbo and Gollum.
Sebastian the Hedgehog is one of the most adorable things in the history of motion picture. Really hit me harder than anything in the film when he (temporarily) died. That final purr he gave
Yeah, we get it, he's the "Son of Thráin"
. We heard you the first five, drawn out times.
Some of the writing overall is a bit awkward on occasion.
The development of Bilbo happens far too quickly. Not only does he seem to take the dwarves invading his home and the idea of a journey far too nonchalantly, but his character progression reaches its peak by the end of the movie; essentially going from "Oh shit, I need a handkerchief"
to "Oh shit, I need to rescue these horses from carnivorous creatures 5x larger than me"
, in the span of 10-15mins. By the time he valiantly stands up to the Pale Orc to save Thorin, that's as far as a hero as he can go, as far as I'm concerned. So there's pretty much nothing left to build on his character for the next TWO FILMS.
... Furthermore, we really don't see all that much of how Bilbo lives his life in the Shire before the dwarves come into play. We see him smoke a pipe and eat a fish. That's it. It would have been nice to see how and why he feels his life is content, but also perhaps directionless and monotonous in the Shire, so as to provide more motivation for him joining the journey, as well as connection with the audience.
Nevertheless, the whole film left me with a good taste in my mouth, and a desire to see the following entries. Would heavily recommend :3