I've also recently watched the last Hobbit movie. My one-sentence review would go somewhat like:
"It's not nearly as bad or fight-heavy as I thought it would be, but it still could use quite a bit of editing."
I thought it would be overly padded with battles, and that thought kept me from going until I found out that my cinema gift cards (that I had won in a programming competition) were to expire a few months from now. I thought that this would be an opportunity as good as any, and so I went :)
Oh, there is a lot of fighting, and you get the impression Jackson really likes large battle scenes, but that sort of faded into the background for me. It didn't bother me that much!
(The whole fight on the toppled tower was a bit too set-piece-y for me, though.)
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