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It's going to be the best of the three, and still a pretty bad movie all in all.
The film trilogy of the Lord of the Rings is very different from the books. The issue with the Hobbit is horrible pacing more than it is anything else. I was a big believer in the Hobbit as three movies, but it's clear it should have been two now.
I happen to like what they added to the movies. (the book was a little slow)