It's too early yet to know how the The Hobbit trilogy will pan out or what creative embellishments Jackson and the screenwriters will include, but being a fan I'm just excited to see the book adapted visually with more latitude to covering the wider events briefly mentioned in the book and the tie into LOTR. When I saw the movie last night I went with a bunch of friends with varying degrees of interest but we all agreed it was a entertaining rush and judging by others around us it seemed to be well received. Being greedy The Silmarillion adapted to film would be perfect, trilogy of films might not be enough to cover it

and its not much larger in page number then the Hobbit