The film needed serious editing. There were way too many long, drawn out fight scenes to fill in time and lots of pointless walking over mountains moments (epic music mandatory). The opening scene went on way too long - we didn't need the older Bilbo to introduce the story, just jump in already. Also, the dwarves were hammed up too much and though funny, also became a tad ludicrous (particularly at the start). This should have been one or two awesome movies and not three. The Hobbit was a little book. It didn't need three films.