I just got back. They should have called this movie The Hobbit: The Desolation of Sma- Hey, What Do You Think That Elf Chick Is Up To?
I didn't hate it. The pacing was much better than the first one. Same goes for the effects, mostly. There was one shot during the barrels sequence which looked like something out of a Gamecube cutscene from 2004. I was super annoyed by how obvious some of the effects were. Also, what was up with that random GoPro footage in the barrels sequence? Very distracting.
The Smaug scene was fucking phenomenal. Easily one of the best things I saw on screen this year in any movie. If only they didn't keep cutting away to boring subplots that I didn't care about. I actually really liked Tauriel, and her flirting with Kili was handled pretty well. But man oh man, PJ did his best to make me hate it. It was almost comical how many times he killed the tension of that scene by switching to Kili groaning on a table, or Gandalf doing something boring that I don't care about because I KNOW HE'S GOING TO LIVE. I know that the point of that stuff was to expand on the book and increase its scope, but it's not nearly as interesting as it needs to be.
So, I liked Smaug. He looked really scary. The whole climax in Erebor was like the Balrog scene times a thousand. The fight between Legolas and Bolg was pretty cool too. I was prepared to forgive literally any bloat in the first two thirds as long as they didn't screw up the dragon. And they didn't. But they couldn't leave that scene alone.