Both trilogies face the same problem: Characters that I don't care about, and a story that didn't need to be 3 movies.

I loved LOTR Trilogy and rank it up there with the OOT, but I watched the first Hobbit movie and had no interest in the others. LOTR's had great characters with alot of depth, whereas the dwarves in the Hobbit are a dime a dozen. There was so much story in LOTR's that even the Extended Editions are just as entertaining, whereas the Extended Editions of The Hobbit are more bloated material.

The Hobbit was one book, and should have been 1 movie as it would have been a nice prologue to the LOTR's trilogy. But 3 movies? Yeah, they will make loads of $$$, but it compromised the quality. Same with the PT, as it could have easily been 1 or 2 movies, but with 3 movies you get more filler.