Saw this last night and loved it!! I also have to say, as someone who has pretty much always read the book before I see the movie, the nature of adaptations is that there are ALWAYS bits that are left out, no matter how long the book. And it's always so disappointing! The hobbit is such and good story that I for one am thrilled they are separating it. If it allows for a book to be fully (or at least more fully) translated to film instead of a two hour abridged version, I'd watch 3 part versions of any book to movie adaptation.