Saw the movie on Friday night. Opted for the standard non-3D version.
I quite enjoyed the movie. Like others have stated, the first hour (felt longer) was pretty slow. The dialogue seemed pretty choppy. The "meeting" of the party members carried on far too long. I understand the reasoning of introducing the characters and their personalities, but I felt they could have done that throughout the film, or even the trilogy. After that, the plot picks up, and the action begins pretty quickly.
Visually, the film is gorgeous. The score is beautiful. And I felt Martin Freeman did a great job in the role of Bilbo.