I'm a huge Tolkien fan. I found the LOTR movies to be not too bad -- although many parts made me cringe (Jackson thinks he's a better story-teller than Tolkien). But the Hobbit movies have been really painful. I didn't like the first one, and I hated the second one.
I kind of wish George Lucas were in charge of it instead of Jackson (that's the worst insult I can come up with).