Quoted from bane:The hobbit movies were a travesty. Trying to milk and manipulate the source work for all it was worth. Anyone who actually read the book had to laugh (or cry) at what Hackson presented on the screen. Legolas (not in the text) running up a collapsing bridge in slow motion was my personal favorite, though the competition was fierce. Sorry, couldn't stomach Hackson's egotistical interpretations.
By the way, the entire sequence of Smaug in the mountain with the molten gold was laughable and conjured out of thin air. Hence, the Smaug in the pinball game with the molten gold (?SE) is a joke.
I really couldn't care less if the studios made $1 billion off of one film or $3 billion off of 3 films. 3 films, even extended editions (which I recently bought) is more Middle Earth from Peter Jackson and that's good news in my eyes. Sure some scenes were ridiculous and the films overall are certainly not as good as the LOTR films but they are still enjoyable.
Personally I think Peter Jackson got in the way of himself in the same way George Lucas did with episodes 1-3. Peter shot the original LOTR films on actual film, placed an emphasis on using miniatures, used a lot of extra's that were fully decked out in costumes for battle scenes, and used CGI to compliment the practical effects work. In the Hobbit the complete opposite occurred. The films were shot digitally using two cameras shooting in 3D at 48fps (saw each film that way, couldn't stand it), less costumed extra's were used due to CGI and overall the films had much more CGI in them compared to the LOTR films which is my opinion didn't make them as believable.