I know I have to see this mainly for being the first major HFR release, but despite understanding the idea and principle have never been a fan of the practice. I thought that the Todd-AO process on Oklahoma for example introduced some terrible motion issues that are very disconcerting and that was only 30fps!
If Douglas Trumbull can nail his process of varying frame rates then that might be something. He isn't one to just simply be the first, but to do it right no matter the time involved. The Hobbit is merely the first major release gutsy enough to crank up the rate, and there really should be a great deal of effort put into achieving the effect correctly. As it stands, anybody can do 48, 70, 120 fps with standard video, but it underlines the fact that is it merely video and a dull lifeless void of a medium that is not cinematic and certainly not lifelike either.