The Hobbit: Desolation of Smaug
I think I might actually like Bilbo a little more than Frodo. Overall, very exciting and entertaining movie, with the dwarf comedy toned down a great deal (except with one scene with Bombur where he takes out a dozen orcs in a matter of seconds), and one hell of a cliffhanger.
Also, the only off-colour joke I can think of in a LOTR movie.
9/10 Would watch again.