I saw it on saturday and thought overall it was a very good movie. Starts a little slow but picks up steam and a solid ending considering it is the first of three movies.

It does draw from the Appendices and the Silmarillion in a few places because Tolkien himself recognized the differences in the tone of the Hobbit and the LOTR and tried to correct for it in those other sources.

I suspect the movies following this first one will gradually get a bit darker and little more in line with some of themes/conflicts portrayed in the previous LOTR movies.

Can't wait for the next installment!